Spartan Race Receives Equity Investment from Raptor Consumer Partners
The amount of the transaction was not disclosed.
The company intends to use the proceeds from the investment to expand Spartan Race in the Northeast and to establish a corporate headquarters in the Boston metropolitan area.
In conjunction with the transaction, John Burns, Managing Director at Raptor Consumer Partners, will join Spartan Race’s Board of Directors.
The company will also work closely with Raptor Accelerator and Raptor Sports Properties, to access their relationships and deep expertise in the sports industry.
Founded in 2010 by Joe Desena, Spartan Race runs obstacle-race events that involve climbing walls, slogging through mud, and crawling under barbed wire. It features races at three escalating distances in locations worldwide that culminate in a World Championship Finale with cash and prizes for the champions.
The organization has 36 events scheduled in 2012 in the U.S., Canada and the UK.