BUSINESS NEWS
Want to stay up to date on the latest press releases and business news in the running, cycling and triathlon industries? Scroll below to view all endurance sports business news.
October 2, 2020
Strava Seeks New Investors at $1 Billion-Plus Valuation
Strava Inc., a social network for athletes with nearly 70 million global registered users, is looking to raise its equity by more than $1 billion, also hiring an adviser to raise between $150 million and $400 million. A deal that vaults the company to unicorn status would roughly triple Strava’s...
October 2, 2020
LEOMO Launches Remote Bike-Fitting Service for Cyclists and Triathletes
Boulder, CO — LEOMO Inc. has launched the world’s first technology-enhanced remote bike-fitting service in Japan using TYPE-S Sensor Kit Pro. Utilizing LEOMO’s revolutionary portable motion analysis technology and LEOMO’s expertise in cycling form data, the new service allows all levels of cyclists and triathletes to fine-tune their position and...
October 1, 2020
Brompton Bicycle Selects OutsidePR as Agency of Record
NEW YORK (Oct. 1, 2020)– Brompton Bicycle, the London-based manufacturer of the iconic Brompton folding bike, has selected OutsidePR as its public relations agency of record. OutsidePR will manage Brompton's public relations and communications strategy in North America—targeting cycling, outdoor and consumer lifestyle mediawith a focus on the brand's deeply-rooted...
October 1, 2020
Nuun Hydration and CorePower Yoga Announce Free At-Home Yoga Experience
SEATTLE—Today, Nuun Hydration and CorePower Yoga launched “Muuv With Nuun + CorePower Yoga”, a free 6-week, at-home yoga program. The program is led by two CorePower Yoga Teachers and includes three guided yoga workouts a week. Participants can do these workouts on their own schedule and in their own home....
September 29, 2020
INCUS Performance partners with Claire Cashmore on her road to become Paralympic Champion
INCUS Performance are delighted to announce the start of a long-term partnership with Claire Cashmore, a talented multisport athlete based in Loughborough, UK. Originally a swimmer Claire has competed in 4 paralympic games and won 8 medals, including a Gold and Silver medal at Rio 2016. After these games, Claire...
September 29, 2020
UCAN Welcomes Running Superstar Sara Hall to Its Team of Elite Athletes
One of the fastest US marathoners of all time, Sara Hall, has officially joined Team UCAN. Hall ran 2:22 at the Berlin Marathon last year, holds the World Record for the half marathon on the treadmill in 1:09:03, and is a 3-time US 10 Mile Champion. Sara will be racing...
September 28, 2020
Flywheel Files Chapter 7 Bankruptcy, Closes All Of Its Studios
On Sept. 14, Flywheel Sports Inc. closed its 42 studios, laid off its 1,200 employees and filed for Chapter 7 bankruptcy in U.S. Bankruptcy Court in New York. Flywheel had $10 million to $50 million in liabilities and less than $50,000 in assets. Read more on Club Industry.
September 28, 2020
Mayweather Boxing + Fitness Announces Opening of Greenville, SC Studio
Greenville, SC (September 28, 2020) – Mayweather Boxing + Fitness – a group fitness and boxing experience created by legendary boxer Floyd Mayweather – announced today the opening of their Greenville, South Carolina Studio, the first location to open since the onset of COVID-19. On Saturday, October 3rd, the Mayweather...
September 28, 2020
RunSignup Raises $2.6 Million in Series A Funding from Payroc for Strategic Initiatives
Moorestown, NJ and DesPlaines, IL - Payroc is making a minority investment in the RunSignup|GiveSignup business to help fund the continued rapid expansion of the RunSignup customer base and provide additional fundraising capabilities to the nonprofit market with GiveSignup. RunSignup has seen unparalleled opportunity amidst the pandemic and sought additional...
September 25, 2020
Alta Cycling Group Rolls Out New Beeline Connect Bridge Software
KENT, Wash., (September 25, 2020) — Alta Cycling Group, a premier cycling company, is incorporating Beeline Connect’s new Bridge software to facilitate a new dealer locators integrated on Diamondback, Redline, IZIP, Haibike and Raleigh websites, to provide added support and improve processes for their authorized dealer network. This added software...
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