# Therabody

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

- Industry: Healthcare
- Headquarters: Los Angeles, US
- Website: www.therabody.com
- Total disclosed funding: $165M
- Latest round: Series A (Sep 19, 2022)
- Investors on record: 3

## About

Therabody Inc. specializes in wellness solutions, creating innovative products that enhance recovery and promote well-being through advanced technology and therapeutic devices.Founded in 2016 in Los Angeles, US, Therabody Inc. offers wellness solutions centered on recovery products. The company is led by founder Jason Wersland and currently managed by CEO Benjamin Nazarian and Monty Sharma. Therabody has successfully raised a total of USD 165.00 mn and secured investment during its Series A funding round, led by North Castle Partners and joined by Hartbeat Ventures and Rx3 Growth Partners.Therabody offers a range of wellness products aimed at enhancing physical recovery and well-being. Their primary offerings include the Theragun series of percussive massage devices, PowerDot muscle stimulation devices, and the TheraFace line of LED therapy masks. These products cater to fitness enthusiasts, athletes, and those seeking therapeutic relief from chronic pain, available in North America, Europe, and Asia.Therabody generates revenue through both direct-to-consumer and B2B channels. The flagship Theragun and PowerDot devices are sold via their online platform and physical retail partnerships. Their pricing reflects a premium positioning, with flagship products priced in the several hundred dollars range. The company also collaborates with fitness professionals to further enhance brand visibility and revenue opportunities.Therabody plans to utilize recent funding to support the development of upcoming products aimed at expanding its market presence. They are evaluating new geographic regions for expansion, with specific targets to be determined shortly. The company has also raised an undisclosed amount from Reform Ventures to bolster these initiatives.

## Funding rounds

- Series A, Sep 19, 2022, $165M — North Castle Partners, Rx3 Growth Partners, Hartbeat Ventures

## Investors

- North Castle Partners (https://capitalatlas.ai/funds/north-castle-partners) — Series A
- Rx3 Growth Partners (https://capitalatlas.ai/funds/rx3-growth-partners) — Series A
- Hartbeat Ventures (https://capitalatlas.ai/funds/hartbeat-ventures) — Series A