-77%

est. 2Y upside i

Series B

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

Rank

#3986

Sector

Connected Fitness

Est. Liquidity

~3Y

Data Quality

Data: Medium

FightCamp operates in a growing niche of connected fitness but carries a very high valuation of $642M on just $9M in revenue, representing a 71x multiple.

Last updated: March 10, 2026

Bull (15%)+150%

FightCamp successfully expands its market reach through international launches and new product lines like kick tracking, significantly increasing its subscriber base and hardware sales. Revenue accelerates to over $100M by 2028, justifying a $1.6B+ valuation at a premium multiple due to strong brand loyalty and a defensible niche.

Base (40%)+20%

FightCamp maintains its position in the niche connected boxing/kickboxing market, achieving moderate subscriber growth and incremental revenue increases. It continues to innovate with its tracking technology and content, reaching approximately $30M in revenue by 2028, leading to an acquisition or modest IPO at around $770M, slightly above the current valuation.

Bear (45%)-75%

Intense competition from incumbents like Peloton and Tonal, or new entrants, erodes FightCamp's market share and pricing power. High customer acquisition costs and slower-than-expected growth lead to a down round or an acquisition at a significantly reduced valuation of approximately $160M, wiping out most common stock value due to liquidation preferences.

Est. time to liquidity~3.0 years

Preference Stack Risk

moderate

Funding Intensity

18%

Investors have contributed $98.5M in total funding. In an exit at or below the current $642M valuation, these investors would typically receive their capital back before common shareholders.

Dilution Risk

moderate

As a Series B company with relatively low revenue for its valuation, FightCamp will likely require additional funding rounds, which could lead to further dilution for existing equity holders.

Secondary Liquidity

limited

FightCamp is a privately held company, and while platforms like Forge Global may facilitate private market transactions, liquidity for employee shares is generally limited and subject to company policies and market interest.

View all 6 open roles at FightCamp →

Last updated: March 10, 2026

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 sustain its competitive edge and differentiate against larger incumbents like Peloton and Tonal, especially as they might expand into combat fitness offerings?”

  • 2

    “With a current revenue of ~$9M, what are the key strategic initiatives and growth targets to justify the $642M valuation over the next 2-3 years, and what are the primary levers for achieving that scale?”

  • 3

    “Given the Series B funding and the current valuation, how does the company envision the path to a liquidity event for employees, and what are the expectations regarding future dilution?”

Community

Valuation Sentiment

Our model estimates -77% 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.