Overview

Raised to Date: Raised: $142,968

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Republic

Start Date

11/30/2021

Close Date

04/30/2022

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    

Valuation Cap

$11,000,000

Discount

20%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

04/30/2022

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$953

# of Investors

114

Momentum

Funded

Create a free account today to gain access to KingsCrowd analytics.

Logos provided by Clearbit

The Axle Workout

Year Founded

2016

Industry

Fitness & Wellness

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

NEW YORK, New York

Business Type

Growth

Company Website

The Axle Workout, with a valuation of $11 million, is raising funds on Republic. The company has developed a proprietary training tool that helps in body composition analysis and strength training. The flagship product of The Axle Workout, The Axle barbell, is a lightweight and collapsible barbell that makes home workouts easy and complete. The Axle Workout has generated $1.5 million in lifetime revenues as of November 2021 and reported a 2,000% quarter-over-quarter growth from the first quarter of 2019 to the first quarter of 2021. Andrew Page and Anuj Patel founded The Axle Workout in November 2016. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for marketing, B2B sales, and bringing new products to life.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$680,196	$262,723
COGS	$355,530	$117,797
Tax	$0	$0
Net Income	$-110,724	$-37,309

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$41,409	$21,343
Accounts Receivable	$6,310	$0
Total Assets	$569,863	$289,237
Short-Term Debt	$112,876	$79,218
Long-Term Debt	$515,259	$157,567
Total Liabilities	$628,135	$236,785

Financials as of: 11/30/2021

Create a free account today to gain access to KingsCrowd analytics.

The Axle Workout Co-founder Andrew Page on Data and Fitness

Although it’s easy to lump various competitive physical activities under the sports umbrella, the muscles emphasized in each discipline can vary. For example, while Olympic figure skaters need to build abdominal muscle, snowboarders depend on their arms and shoulders to soar down the slopes. Precise training can help athletes cultivate their bodies and enhance their performance.

Designed for professional athletes and everyday gym enthusiasts alike, The Axle Workout uses a patent-pending Olympic barbell and a live and on-demand training app to help users meet their physical goals. Its second-generation smart barbell will monitor how much muscle and fat an athlete has in specific areas, allowing them to improve their workout routine. We reached out to co-founder Andrew Page to learn more about his family’s generational dedication to health and the future of the industry.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview