# Aviron Interactive

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aviron-interactive

- Industry: Travel & Leisure
- Headquarters: Toronto, Canada
- Website: www.avironactive.com
- Total disclosed funding: $24M
- Latest round: Series A (Feb 23, 2022)
- Investors on record: 8

## About

Aviron Interactive Inc. develops advanced fitness technology, focusing on interactive rowing machines that enhance user engagement through immersive digital experiences and gamified workouts.Founded in 2018, Aviron Interactive Inc. operates from Toronto, Canada, offering innovative fitness solutions. The company was co-founded by Andy Hoang and Inessa Karlinsky. Aviron has successfully completed 3 funding deals, with its most recent Series A round in February 2022, raising CAD 23.6 million from investors including Formic Ventures, Global Founders Capital, and Stripes. The total amount raised by the company stands at CAD 23.6 million.Aviron Active specializes in innovative fitness solutions that combine technology with user-centric design. Their core offerings include interactive rowing machines that utilize advanced digital interfaces to provide users with an immersive workout experience. These machines track performance metrics in real-time and incorporate gamified elements, enhancing user engagement. Aviron Active targets fitness enthusiasts, home gym users, and commercial gyms, particularly in North America and Europe, where demand for space-efficient home fitness solutions is increasing.Aviron Active generates revenue through direct-to-consumer sales and partnerships with fitness retailers. The primary revenue stream comes from the sale of their flagship rowing machines, supplemented by subscription-based services offering access to interactive workout content and performance tracking tools. Additionally, Aviron Active provides bundled packages that include accessories and extended warranties, accommodating a range of budgets for individual and commercial buyers in the fitness industry.In February 2022, Aviron Interactive Inc. raised CAD 23.6 million in Series A funding, co-led by Stripes and supported by existing investors Formic Ventures and Global Founders Capital. The company plans to utilize this funding to accelerate the growth of its connected rowing product. Aviron is expected to introduce new products aimed at enhancing user experience, while also focusing on expanding its presence in global markets, particularly in regions where demand for engaging fitness solutions continues to rise.

## Funding rounds

- Series A, Feb 23, 2022, $19M — Stripes, Global Founders Capital, Formic Ventures
- Seed, Aug 11, 2021, $5M — Y Combinator, Global Founders Capital, Samsung NEXT Ventures, Tribe Capital, Formic Ventures, Alarko Ventures
- Seed, Mar 1, 2021 — Rebel Fund

## Investors

- Rebel Fund (https://capitalatlas.ai/funds/rebel-fund) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed, Series A
- Samsung NEXT Ventures (https://capitalatlas.ai/funds/samsung-next-ventures) — Seed
- Tribe Capital (https://capitalatlas.ai/funds/tribe-capital) — Seed
- Formic Ventures (https://capitalatlas.ai/funds/formic-ventures) — Seed, Series A
- Alarko Ventures (https://capitalatlas.ai/funds/alarko-ventures) — Seed
- Stripes (https://capitalatlas.ai/funds/stripes) — Series A