Nexersys
About this raise
Nexersys, the manufacturer of fitness products, is raising crowdfunding on MicroVentures. The company has a valuation cap of $6 million and manufactures interactive products, specially focused on boxing and mixed martial arts. The products of Nexersys combine full-body workout with interactive gaming for overall fitness. Nexersys was founded by Terry Jones, and its assets were purchased by XFit in September 2017. The proceeds of the current crowdfunding round, with a minimum goal of $100,000 and a maximum goal of $1,070,000, will be used for campaign marketing, digital advertising, and content development. Nexersys has already sold over 4,700 machines and over 4,600 cross-body trainers and generated around $750,000 in revenues in 2018.
Investment Overview
Invested : $134,420
Deal Terms
Total Commitments
- Platform
- Microventures
- Start Date
- 09/12/2019
- Close Date
- 12/09/2019
$100,000
$1,070,000
$100
Convertible Note
Early Stage
RegCF
$6,000,000
0%
Company & Team
Company
- Year Founded
- 2017
- Industry
- Fitness & Wellness
- Tech Sector
- Distribution Model
- B2C
- Margin
- Capital Intensity
- Location
- Austin, Texas
- Company Website
-
Visit Website
Team
- Employees
- 2
Financials
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/09/2019 | Microventures | $6,000,000 | $134,420 | Convertible Note | Funded | RegCF |