Performance tech company Hyperice attracts slew of star athlete-investors, valued at $700 million
- Hyperice CEO Jim Huether told CNBC the firm raised $48 million in its latest round at a $700 millon valuation.
- The Series A funding round added star athlete-investors, including Los Angeles Lakers forward Anthony Davis and tennis star Naomi Osaka.
Performance technology company Hyperice has completed a Series A funding round for $48 million, which puts the firm at a $700 million valuation, CEO Jim Huether told CNBC this week.
The funding round includes a list of prominent athlete-investors, including National Basketball Association stars Anthony Davis, Chris Paul, Russell Westbrook, DeAndre Jordan and new Philadelphia 76ers coach Doc Rivers.Tennis star Naomi Osaka, who won the 2020 U.S. Open, is also an investor.
The company did not disclose the stakes each athletes took in the company, or the amount of their investments.
The company specializes in performance recovery products including its Hypervolt massagers which targets soft tissue pain and muscle recovery. In its new sponsorship deal with the NBA, the massagers now sit under the seats of each player during games.
Hyperice has gained popularity among athletes including Mahomes, who has used the firm’s product since his days at Texas Tech University.
Added Osaka: “Since I’ve started using Hyperice, I’ve realized how crucial recovery is to getting the most out of my training and preparing my body for competition. Hyperice has improved my body and overall health and I know will be fundamental to having a long and healthy career, which is why I invested and want to use my platform to encourage every athlete to take recovery seriously.”
In an interview with