-100%

est. 2Y upside i

Series B

Home boxing gym with motion trackers that compute punches and reps.

Rank

#3797

Sector

Connected Fitness

Est. Liquidity

~3Y

Data Quality

Data: Low

The equity upside is effectively -100% under all scenarios due to a massive liquidation preference ($98.5M) overwhelming any plausible exit value within 2 years.

Last updated: July 21, 2026

Bull (5%)-100%

Even if revenue grows to $12M, exit multiple of 2x yields $24M exit, still below $98.5M liquidation preference, so common stock receives nothing.

Base (45%)-100%

Revenue projection $12M and exit multiple 1x gives $12M exit, below $98.5M liquidation preference, common stock zero.

Bear (50%)-100%

Revenue $12M and exit multiple 0.3x yields $3.6M, well below preference, common stock recovers nothing.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

102600%

Total funding $98.5M exceeds any plausible exit value, giving preferred stock all proceeds and common stock zero.

Dilution Risk

high

Likely need new capital within 24 months given burn rate and no profitability.

Secondary Liquidity

none

No secondary market activity reported.

Questions to Ask at the Interview

Strategic questions based on FightCamp's data — designed to show you've done your homework.

  • 1

    How does FightCamp plan to differentiate from Peloton's upcoming boxing features?

  • 2

    What is the path to profitability given the high capital intensity and low margins?

  • 3

    Given the liquidation preference, how does the company view employee equity compensation?

Community

Valuation Sentiment

Our model estimates -100% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.