
ARENA
Building the future of strength training.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor investor | €0.0 | round |
investor investor investor investor investor investor investor investor | €0.0 | round | |
N/A | €0.0 | round | |
N/A | €0.0 | round | |
* | $750k Valuation: $40.0m 13.3x EV/Revenue | Seed | |
Total Funding | 000k |
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
% growth | - | - | (19 %) |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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ARENA, operating as Arena Innovation Corp., is a connected fitness company making its mark in the smart home gym sector. Founded in 2020 by CEO Dr. Krisna Bhargava, alongside Chris Howell and Zachary Rubin, the San Francisco-based firm is centered on making strength training more accessible. Bhargava, a scientist-entrepreneur with a Ph.D. in Materials Science and an extensive background in automation and biophysics, brings a unique perspective that blends preventative healthcare with human performance. This experience in hardware automation and exercise science is central to the company's product development.
The company's business model revolves around the sale of its primary hardware, the ARENA Platform, supplemented by a subscription-based mobile application. The main revenue stream is the direct-to-consumer sale of the portable gym unit. For a monthly fee, users gain access to the ARENA app, which features daily workouts, over 300 exercise videos, and programs designed by certified strength and conditioning coaches. This hybrid model of a one-time hardware purchase and recurring software revenue targets fitness enthusiasts who desire a flexible, data-driven workout solution that can be used at home or on the go.
The ARENA Platform is a portable, suitcase-sized device that utilizes advanced robotics and a motor-controlled cable to generate up to 200 pounds of dynamic resistance. Weighing around 60 pounds, its key differentiator is its portability, contrasting with bulkier, wall-mounted competitors in the smart gym market. The system is controlled via a smartphone app, allowing users to instantaneously adjust resistance and track metrics like progress, calories burned, and velocity in real-time. The platform is designed for a wide array of exercises, including strength training, cardio, and HIIT, with over 300 possible movements. A notable technical feature is its regenerative charging battery, which can last up to 30 days on a single charge by reabsorbing energy from workouts.
Since its pre-sale launch in September 2020, ARENA has achieved significant milestones, including securing $9.45 million in funding across three rounds. A key seed round in July 2021 raised $5.2 million, with participation from investors like Courtside Ventures, Powerhouse Capital, and the investment office of Technogym's founders. The company has successfully navigated pandemic-related supply chain issues by establishing domestic manufacturing and limiting dependency on overseas components. This strategic move has enabled ARENA to ship its U.S.-manufactured product and build a presence in the competitive at-home fitness landscape.
Keywords: smart gym, portable fitness, resistance training, connected fitness, at-home workout, digital strength training, robotic gym, fitness technology, mobile gym, exercise science, hardware automation, workout app, strength conditioning, portable resistance trainer, full body workout, fitness equipment, home gym solution, data-driven fitness, smart weight training, exercise platform