Drop Fitness (Convertible Note)
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
Market
Gym Memberships
Location
Montvale, NJ, US
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.

Links
Website
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