Speede Fitness Raises $2.5M in Seed Funding
Speede Fitness, a Chicago-area strength training startup, raised $2.5m in seed funding.
Backers included UFC fighter Michael Chandler, Justin Fields, Cole Kmet and Jaylon Johnson from the Chicago Bears, Justin Simmons from the Denver Broncos, Marquez Valdes-Scantlingfrom the Kansas City Chiefs, and Mason Plumlee from the Charlotte Hornets.
Michael Chandler, Justin Fields, Cole Kmet, Jaylon Johnson, Justin Simmons, Marquez Valdes-Scantling, Mason Plumlee, David Meltzer, Ed Mylett,
The company intends to use the funds to prepares for summer product launch.
The company has signed on new partners from the NFL, NBA, UFC and the business world.
Led by Dan Mooney, Speede provides the Speede Challenger, a connected fitness machine that combines isotonic, isokinetic, and max eccentric training for an intense, efficient workout that leads to faster strength gains.
In addition to pro athletes, Speede has also partnered with major players in the business and social media spaces. David Meltzer—an entrepreneur, speaker and podcaster who previously served as CEO of the Leigh Steinberg Sports & Entertainment agency—is now the lead investor for the next round. Fellow entrepreneur and speaker Ed Mylett is also an equity holder in the business.