# Liteboxer Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/liteboxer-technologies

- Industry: Consumer Products
- Headquarters: Hampton, US
- Website: www.liteboxer.com
- Total disclosed funding: $24M
- Latest round: Series A (Jun 8, 2021)
- Investors on record: 5

## About

Based in New Hampshire, US, and founded in 2016, Liteboxer Technologies, Inc. provides a fitness platform for home workouts. The company was co-founded by Jeffrey Morin and Todd Dagres. Liteboxer Technologies, Inc. has a total of 4 funding rounds included the June 2021 Series A funding from Nimble Ventures, B. Riley Venture Capital, Will Ventures, and Timbaland.

The company offers a free-standing device as a replacement for the heavy bag in a traditional boxing gym. The product is equipped with a lighting system that guides the user through a workout of their choice. The company also offers boxing accessories and a fitness platform that provides workout routines, trainers, and support.

The company generates revenue by selling its product on its online store and also offers subscription membership.

The company will use the June 2021 funding to create an immersive at-home workout by combining fitness and gaming.

## Funding rounds

- Series A, Jun 8, 2021, $20M — Raptor Capital Management, Nimble Ventures, B. Riley Financial, Inc., Will Ventures
- Seed, May 20, 2020, $4M — Camros Capital, Raptor Capital Management, Will Ventures

## Investors

- Camros Capital — Seed
- Raptor Capital Management (https://capitalatlas.ai/funds/raptor-capital-management) — Seed, Series A
- Will Ventures (https://capitalatlas.ai/funds/will-ventures) — Seed, Series A
- Nimble Ventures (https://capitalatlas.ai/funds/nimble-ventures) — Series A
- B. Riley Financial, Inc. — Series A