Proteus Motion, an NYC-based fitness technology company, raised $8.5 million in a Series A funding round.
The round was co-led by Acies Investment and HBSE Ventures with participation from Harrison & Co., Monozukuri Ventures, and 412 Ventures, as well as Blake Griffin’s Blake Griffin Enterprises, NBA Champion Matthew Dellavedova, and three-time World Series champion Jon Lester.
The company, which has raised $17m to date, intends to use the funds to expand the team, scale production capabilities, and its software offerings.
Company: Proteus Motion Inc.
Round: Series A
Funding Month: July 2022
Lead Investors: Acies Investment and HBSE Ventures
Additional Investors: Harrison & Co., Monozukuri Ventures, 412 Ventures,Blake Griffin’s Blake Griffin Enterprises, Matthew Dellavedova, and Jon Lester
Company Website: https://proteusmotion.com/
Software Category: Fitness & Physical Rehabilitation
About the Company: Led by Founder and CEO Sam Miller, Proteus Motion developed a system that utilizes patented strength measurement software, which guides users through 4-minute physical assessments which deliver performance insights, while also providing a resistance training experience called 3D Resistance™ for some of the world’s top athletes. Currently, the company has its systems installed in 41 states and two Canadian territories. It is used by several high-profile athletes including the MLB’s Miguel Cabrera, Giancarlo Stanton, JD Martinez, and Justin Verlander, the NBA’s Damian Lillard, golf stars DeChambeau, and Jon Rahm, and NFL quarterback Patrick Mahomes.