Speediance develops digital resistance strength-training equipment using brushless direct-drive motors and a proprietary software platform. Established in December 2020 and based in New York, the company has launched two consumer products: Gym Monster and Gym Pal. Gym Monster replaces physical weight with digital weight to deliver equivalent effects while minimizing footprint and offering intelligent training. Gym Pal, launched in June 2023, is a home-focused machine that pairs with an interactive phone app and integrates accessories (Bluetooth ring, adjustable barbell and bench, ankle straps, handles) to simplify programs, provide real-time monitoring, and include automatic weight-reduction safety features. Speediance sells direct-to-consumer and through a distributor network across the United States, Australia, Canada, Japan, South Korea, Germany, France, Spain, and Chile, and launched Gym Monster on Amazon USA in May 2023. The company plans to use fresh capital for product line improvement and market expansion.

Total raised

$10M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2023