# Drax

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

- Industry: Consumer Products
- Headquarters: Anyang, South Korea
- Website: www.draxfit.com
- Total disclosed funding: $4.8M
- Latest round: Series A (Aug 2, 2018)
- Investors on record: 4

## About

Founded in 2001, and based in Anyang, South Korea, Diracx Co., Ltd., doing business as Drax operates as a designer and developer of various exercise and gym equipment. In July 2020, Drax raised KRW 1 billion in venture funding from investor Hanwha Investment & Securities.

The firm manufactures a range of home workout and professional gym equipment such as treadmills, stair climbers, bikes, interactive systems, ellipticals, weights, and equipment for stretching and HIIT. Moreover, the firm also offers a digital training app supported by IoT (Internet of Things) that provides customized digital exercises for home and workplace fitness management.

## Funding rounds

- Series A, Aug 2, 2018, $4.8M — Korea Investment Partners, Smilegate Investment, HB Investment, UTC Investment

## Investors

- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series A
- Smilegate Investment (https://capitalatlas.ai/funds/smilegate-investment) — Series A
- HB Investment (https://capitalatlas.ai/funds/hb-investment) — Series A
- UTC Investment (https://capitalatlas.ai/funds/utc-investment) — Series A