# Ergatta

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

- Industry: Consumer Products
- Headquarters: Brooklyn, US
- Website: www.ergatta.com
- Total disclosed funding: $35M
- Latest round: Series A (Apr 28, 2021)
- Investors on record: 6

## About

Based in the US, Ergatta, Inc. delivers innovative fitness solutions, particularly through its interactive rowing machine that gamifies workouts, making exercise both engaging and competitive for users.Founded in 2019 and headquartered in Brooklyn, US, Ergatta, Inc. specializes in smart fitness technology with its flagship product being the Ergatta Rower. The company has received a total of USD 30.00 mn in funding through 2 rounds, with the latest being a Series A round on April 28, 2021, led by Advance Venture Partners and participated by Fifth Wall Ventures, Gaingels, and Greycroft Partners. The founders of Ergatta include Tom Aulet, Alessandra Gotbaum, and Prasanna Swaminathan, with Tom Aulet serving as the CEO.Ergatta specializes in innovative fitness solutions centered around its flagship product, the Ergatta Rower, which integrates game-based workouts into the rowing experience. This water-resistance rowing machine is designed to provide a full-body workout while engaging users through competitive gaming elements, such as multiplayer races and interactive fitness challenges. Ergatta’s platform offers a comprehensive suite of over 2,500 workouts, including on-demand classes and personalized training programs tailored to users of various skill levels. The rowers are handcrafted from cherry wood, emphasizing both aesthetics and functionality, and are suitable for compact living spaces, appealing to urban consumers seeking effective home workout solutions. Ergatta products are available primarily in the United States, with a growing interest in international markets as the demand for interactive fitness solutions increases globally.Ergatta generates revenue through direct-to-consumer sales of its rowing machines and subscriptions for its digital workout platform. Customers purchase the Ergatta Rower at a starting price of USD 1,399, which includes access to a suite of engaging fitness programs designed to promote user engagement and retention. In addition to the equipment sales, Ergatta offers subscription plans that provide users with unlimited access to its library of workouts and classes, fostering a community-driven fitness experience. This revenue model is structured to capitalize on both hardware sales and recurring software subscriptions, creating a sustainable financial ecosystem that supports its growth in the fitness technology sector.In April 2021, Ergatta, Inc. raised USD 30.00 mn in Series A funding with plans to utilize the funds for developing new content, competition, and social features for its platform. The company is also exploring expansion into international markets, aiming to reach a broader audience as demand for interactive fitness solutions rises. Upcoming product innovations are being designed to enhance user engagement and encourage community participation.

## Funding rounds

- Series A, Apr 28, 2021, $30M — Greycroft, Advance Venture Partners, Gaingels, Fifth Wall Ventures
- Seed, Jul 8, 2020, $4.8M — Greycroft, Techstars, Gaingels, WaterRower, Inc.

## Investors

- Greycroft (https://capitalatlas.ai/funds/greycroft) — Seed, Series A
- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Seed, Series A
- WaterRower, Inc. — Seed
- Advance Venture Partners (https://capitalatlas.ai/funds/advance-venture-partners) — Series A
- Fifth Wall Ventures (https://capitalatlas.ai/funds/fifth-wall-ventures) — Series A