Nexersys

Interactive Fitness and MMA Equipment

Company Information

Website:

https://nexersys.com/

Sector:

Fitness

Location:

Austin, TX

Nexersys sells “interactive” fitness products. These products deliver gaming-style workouts using striking skills like boxing, kickboxing, and mixed-martial arts.

This company is capitalizing on the growing demand to ditch the traditional gym in favor of working out at home.

Peloton, for example, a company that sells stationary exercise bikes for the home, recently went public at an $8 billion valuation. And Mirror, a startup that’s created a mirror which doubles as an interactive home gym, recently achieved a $300 million valuation.

Nexersys’ main product, the “N3,” is a stand that features multiple “strike pads,” which absorb boxing punches. Each pad has a multi-axis accelerometer to measure a user’s power, accuracy, and response time.

The stand also has a touch screen tablet that displays fitness lessons. Additional products include a free-standing boxing bag called the Cross-Body Trainer, and accessories like boxing gloves, hand wraps, and sports towels.

Since 2012, Nexersys has sold more than 9,000 machines. Its lineup of products are protected by four issued patents and six pending patents.

Team Background

Terry Jones - CEO
Cary Grossman - President

Co-Investors

Raising
$1.07 million
Committed
$134.82K (13%)
Current Valuation
$6 million Cap / 20% Discount
Min. Investment
$100
Deal Type
Title III
(For all investors)
Offering Type
Convertible Debt
Finance History
Notable Investors
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