The Axle Workout
About this raise
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.
Investment Overview
Invested : $142,968
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 12/01/2021
- Close Date
- 04/30/2022
$25,000
$1,070,000
$100
SAFE
Early Stage
RegCF
$11,000,000
20%
Company & Team
Company
- Year Founded
- 2016
- Industry
- Fitness & Wellness
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $0
- Monthly Burn
- $9,227
-
Runway
- 4.5 months
- Gross Margin
- 48%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2022 | Republic | $11,000,000 | $142,968 | SAFE | Funded | RegCF |
Founder Interview
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.