Hyperice, the industry leader in recovery technology and pioneer of percussion, vibration, dynamic air compression and thermal technology, has closed a new investment round that will fuel new growth including, increasing AI capabilities, strategic growth initiatives such as global expansion, and building on their connected fitness technology, HyperSmart™. This strategic capital will help the company meet the exploding consumer and enterprise demand for its products and position it for the future offering personalized information for all users, cementing and expanding Hyperice's category leadership.
"This investment round accelerates our ability to develop and deliver cutting-edge products and technologies to optimize recovery and performance."
The financing was led by Main Street Advisors (MSA) and SC.Holdings. MSA is a prominent investment advisory firm that represents high profile athletes, entertainers and business leaders, whose portfolio companies include influential brands across consumer, sports, and entertainment. SC.Holdings is a private equity company with global experience in sports, entertainment, consumer, and multi-unit retail.
Truly the first of its kind
"This investment round accelerates our ability to develop and deliver cutting-edge products and technologies to optimize recovery and performance," said Jim Huether, CEO of Hyperice. "We will advance our HyperSmart connected technologies, increase our AI capabilities, and make personalized recovery accessible worldwide. We look forward to working with our new strategic partners, athlete investors, and professional sports leagues to take recovery technology to the next level."
Hyperice, now the official Recovery Technology Partner of the NBA and UFC, has always centered its product development around the needs of athletes, iterating on feedback from a marquee list of users ranging from early investors Blake Griffin and Lindsey Vonn to other athletes across a wide range of professional sports. HyperSmart technology, the company's new Bluetooth and artificial intelligence platform, recommends routines for body maintenance, recovery and performance goals by analyzing users' wearable data from its growing list of partners including Apple Health and Strava. The company is now coupling its offering with wearable and digital activity trackers, providing consumers with a professional grade level recovery experience.
"We started Hyperice not only to help improve athletes' performance and longevity, but to offer the same level of technology to everyday people," said Anthony Katz, Founder of Hyperice. "Over the years, we have developed strong relationships with the athletes that use our products every day. Bringing them into the company as investors was a natural fit because of the authentic connection the athletes have with our brand."
"Our deep experience investing in the consumer and health and wellness sectors helped us identify Hyperice as a leading brand in the exploding category of recovery," said Paul Wachter, Founder and CEO of MSA. "We see exciting growth opportunities ahead and expect Hyperice to extend its category leadership and influence, which our investor group understands well given the number of sports organizations and athletes involved."
"Hyperice is the clear category leader in the rapidly growing recovery market," said SC.Holdings founder Jason Stein, who joins the Hyperice board of directors. "By developing products inspired by professional athletes, and making recovery technology and education accessible to all, Hyperice will drive continued growth in the health and wellness industry."