JAXJOX, a Redmond, Washington-based global fitness technology company, raised $10M in Series A funding.
Backers in the round, which brought total funding raised to date $17M, included Dowgate Capital Ltd. and entrepreneur Nigel Wray.
The company intends to use the funds for research and development of its JAXJOX InteractiveStudio, which will ship to customers later this year, as well as for global retail expansion.
Led by Founder and CEO Stephen Owusu, JAXJOX is a global fitness company providing technology-enabled, connected at-home exercise equipment. The company creates compact, smart workout products with AI-powered performance tracking and a variety of live and on-demand classes led by expert trainers, for educational motivation. The company’s flagship product is the InteractiveStudio, a home gym that includes 145 lbs of adjustable free weight, 43″ 4k Touchscreen TV that rotates vertically and horizontally, and connected products in one compact design, enabling users to track their own performance in real time during classes.
This Fall, customers will be able to purchase JAXJOX InteractiveStudio at JAXJOX.com and BestBuy.com and includes access to Best Buy’s customer service arm, GeekSquad.