 |
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PORTFOLIO CATEGORY |
Venture Capital |
|
MARKET SEGMENT |
Fitness & Recreation |
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STATUS |
Exited |
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EXIT DETAILS |
Acquired in December 2005 |
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Headquartered in Southern California, Encore Fitness is a provider of
high-intensity and effective cardiovascular workout facilities. Since its
inception, Encore has focused primarily on spinning and the growing indoor
cycling market, which has found millions of enthusiastic followers worldwide.
Best known for operating one of the largest spinning facilities in Los Angeles,
Encore Fitness was rated "Best Spinning Gym" twice in a row.
Encore
Fitness secured its seed round of funding from private investors in early 2003
and received its first institutional round of financing in July 2004 from
Funk
Ventures Capital Partners. The company was acquired in
a management buy-out transaction in December 2005.
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