# CLMBR

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/clmbr

- Industry: Consumer Products
- Headquarters: Denver, US
- Website: www.clmbr.com
- Total disclosed funding: $3.4M
- Latest round: Seed (Oct 23, 2020)
- Investors on record: 1

## About

CLMBR, Inc. is a US-based company specializing in innovative fitness solutions, particularly a commercial-grade vertical climber designed for full-body workouts suitable for all fitness levels.Founded in 2019 and headquartered in Denver, US, CLMBR, Inc. provides a unique vertical climbing fitness machine. The company has completed a total of 4 deals, with its most recent funding round occurring on October 11, 2023. In this round, CLMBR was acquired by FORME from ArrowMark Partners and KBW Ventures for USD 16.9 mn. The founders, Avrum Elmakis and Nat Carruthers, established the company to address the growing demand for effective fitness equipment.CLMBR's primary offering is a commercial-grade vertical climber designed to provide a comprehensive full-body workout. Engineered to be low-impact, this innovative fitness machine is suitable for users of all fitness levels and ages. By combining elements of cardio and strength training, the CLMBR helps users maximize workout efficiency. The product is marketed primarily to commercial fitness centers, personal training studios, and individual consumers across the United States, Southeast Asia, and Europe.CLMBR generates revenue through direct-to-consumer sales and partnerships with commercial fitness facilities. The flagship vertical climber is sold via membership or subscription plans for in-home use or within commercial fitness equipment packages. Revenue comes from initial sales as well as ongoing subscription fees for access to digital training resources and community support, with agreements in place for bulk orders from gyms and fitness studios.Following the acquisition by FORME, CLMBR aims to expand its product portfolio. Specific initiatives include designing new fitness products slated for release in 2024 and targeting new markets such as Asia and Europe by the end of 2024. The USD 16.9 mn acquisition funding will support these efforts, enabling CLMBR to leverage FORME's existing distribution networks and enhance its market presence.

## Funding rounds

- Seed, Oct 23, 2020, $3.4M — KBW Ventures

## Investors

- KBW Ventures (https://capitalatlas.ai/funds/kbw-ventures) — Seed