Connected rowing company Aviron raised $4.5M in new funding from Samsung Next, Formic Ventures, GFC, and Y Combinator.
What it is: Founded in 2019, Aviron hopes to stand out in an increasingly crowded at-home fitness market.
According to founder and CEO Andy Hoang, the company isn’t simply another connected equipment maker. Instead, Hoang said Aviron is a “gaming-first platform on a high-end hardware device.”
Gaming x Fitness
From Hoang’s perspective, there’s a massive opportunity as the $100B fitness market intersects with the $150B gaming industry.
While Peloton paved the way, Hoang differentiated his company, saying Aviron is “the high-intensity Peloton for rowing with multiplayer video games and live races.”
Not to be outdone, Peloton recently announced its foray into gaming-inspired content. More interesting, the company has long been rumored to be preparing a rowing machine to complement its connected fitness lineup.
The big picture. Detailing the gamification of fitness, in Issue No. 131, we wrote:
“The future of fitness looks like a game.”
The Rowing Wars
- Hydrow raised $65M, with sales jumping 400% during COVID, and is exploring a $1B+ SPAC.
- Ergatta, a gamified rowing workout, added $30M in funding at a $250M valuation.
- CITYROW raised $12M in funding for at-home and in-studio rowing.
- NordicTrack, Echelon, and a host of others offer rowing products.