Funding Details
- Awarder
- WeFunder
- Date Award
- June 13, 2024
- Vertical
- Fitness
- Funding URL
- View Funding Page
- Valuation
-
$15,000,000
Company Info
- Traction
- Drop Fitness has over 11,500 activated members and has generated over $400,000 in revenue without any advertising spend. They have a partnership with Urstadt Biddle Properties to expand their presence in shopping centers, offering a unique membership model that caters to individual preferences.
- Revenue Amount
-
$400,000,000
- Organizations Involved
- Urstadt Biddle Properties
- Founders
- Jeb Balise, Sergio Mertsching, Jennifer Murdock, Daniel Whittelsey, Alex Kartavov
- Company Description
- Drop Fitness offers a unique gym membership model that allows users to pay for what they want, when they want. They have partnered with Urstadt Biddle Properties to build studios in shopping centers, providing convenience to members. The company focuses on providing a holistic experience through their app, offering options for relaxation, workouts, shopping, eating, and even childcare.
- Market
- Gym Memberships
- Location
-
Montvale,
NJ,
US
Links