# GymAngel

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

- Industry: Education/Training
- Headquarters: Beijing, China
- Website: www.gymangel.cn
- Latest round: Series B (Dec 9, 2019)
- Investors on record: 2

## About

GymAngel specializes in producing innovative fitness equipment and accessories, enhancing the workout experience through advanced design and functionality for both casual users and professional athletes.Founded in 2010 in Beijing, China, GymAngel develops fitness equipment aimed at improving workout efficiency. The company has undergone strategic developments, including its latest funding round. Guojun Yan serves as both the Founder and CEO of GymAngel. The company has engaged in 3 deals, with the most recent occurring on December 9, 2019.GymAngel specializes in the development and distribution of innovative fitness equipment and accessories designed to enhance workout efficiency and user experience. Their core offerings include advanced resistance bands, multifunctional gym tools, and ergonomic fitness mats, all aimed at meeting the needs of both casual gym-goers and professional athletes. These products are engineered to solve common fitness challenges such as portability, versatility, and comfort during exercise routines. The company targets a diverse clientele, ranging from fitness enthusiasts to personal trainers and wellness centers, primarily in markets such as North America, Europe, and Southeast Asia. By focusing on quality and user-centered design, GymAngel aims to deliver solutions that support various fitness goals, from strength training to rehabilitation.GymAngel operates primarily through a direct-to-consumer sales model, complemented by partnerships with fitness retailers and wellness centers. Revenue is generated through individual product sales as well as bundled packages designed for group training sessions. Clients typically engage with the firm through online platforms where they can purchase products directly. The pricing structure is designed to cater to varying customer needs, with individual items priced competitively alongside subscription options for fitness programs incorporating their products. Signature offerings, such as their patented resistance bands, serve as the backbone of their revenue stream, ensuring a steady flow of transactions from both individual consumers and business partnerships.GymAngel is focused on expanding its product line with new fitness equipment slated for launch in 2021, targeting enhancements in user interaction and usability. The company plans to enter emerging markets in South America and Africa by 2022 to broaden its customer base. In December 2019, GymAngel raised SERIES B funding from Green Harbor Investment, the financial terms of which remain undisclosed, and this capital will be utilized to support product development and market expansion initiatives.

## Funding rounds

- Series B, Dec 9, 2019 — Green Harbor Investment
- Series A, Feb 28, 2019 — Bofo Fund

## Investors

- Bofo Fund (https://capitalatlas.ai/funds/bofo-fund) — Series A
- Green Harbor Investment (https://capitalatlas.ai/funds/green-harbor-investment) — Series B