The Breakaway, a Truckee, CA – based fitness platform, closed $2.9m in seed funding round.
Backers included among others, General Catalyst, Norwest Venture Partners and Zone 5 Ventures.
The company intends to use the funds for the expansion of the platform and community.
Co-founded by Jordan Kobert and Kyle Yugawa, The Breakaway uses data that riders generate on regular indoor or outdoor rides to create personalized assessments, workouts and challenges that help cyclists work on specific skills. Additionally, The Breakaway makes it easy for riders on digital platforms, including Peloton, Garmin and Zwift, to utilize the group challenge feature to improve their performance alongside friends and teammates. The Breakaway is available for download in the App Store for a monthly subscription of $3.99 that includes a free one-month trial.
The company participated in and completed Y Combinator’s 2021 Summer Batch.
FinSMEs
03/02/2022