June 30, 2021 - News

The Boxing Boom: FightCamp Raises $90M in New Funding Round

The connected fitness company raised new capital as part of a star-studded funding round.

FightCamp raised $90M in new capital as part of a star-studded funding round.

Bringing boxing and kickboxing into the home, this connected fitness company now counts Mike Tyson, Floyd Mayweather, Georges St-Pierre, and Francis Ngannou as investors.

FightCamp’s impressive list of athlete investors joined New Enterprise Associates (NEA) and Connect Ventures, an investment partnership between Creative Artists Agency (CAA) and NEA, who led the round.

Rapid growth. In a press release, the company noted that sales grew 30 times over two years, with demand outpacing supply.

Pointing to broader industry trends, FightCamp investor Harley Miller of Left Lane Capital said:

“In 2019, Boxing and Kickboxing classes had 33 percent more participation than cycling classes in the USA, yet the connected fitness space has been saturated with cycling options and other look-alike products.”

The Boxing Boom 

Taking notice, boxing brands are gaining steam. As FightCamp scales up, at-home and in-person boxing concepts are giving chase.

Zooming out. As competition across the fitness industry heats up, look for digital and connected fitness companies to enter the boxing category.

Peloton, for one, could enter the ring. Selena Samuela, an instructor on the platform, recently dropped a hint, telling her Instagram followers to “stay patient” when asked about boxing classes.

Joe Vennare
Joe Vennare
linked in for author
The future of health and wellness in one newsletter

Subscribe for insights on the wellness economy, gyms and studios, preventative healthcare, wearable tech, and more

No thanks.