When was Practix founded?

Practix was founded in 2017 and raised its 1st funding round 1 year after it was founded.

Where is Practix located?

Practix is headquartered in Tel Aviv, Israel.

How many employees does Practix have?

As of Jul 01, 2024, the latest employee count at Practix is 1 - 10.

Is Practix a funded company?

Practix is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Mar 28, 2018.

When was the latest funding round of Practix?

Practix's latest funding was a $***** Seed round on Mar 28, 2018, with participation from 1 investor.

Where does Practix rank among its competitors?

Practix ranks 67th amongst 59 active competitors, of which 19 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Oxe Fit, which secured $17.5M in Sep, 2024.

Who are the top competitors of Practix?

Practix's top competitors include Peloton, Tonal and Speediance. Among them, Oxe Fit secured the most recent funding round in September, 2024.

Practix - 2026 Company Profile, Team, Funding & Competitors

Company Details

Practix is developing smart home fitness equipment. It is a smart and modularized patented free weight system that offers numerous exercises. The connected app provides the user with a repetition counter, intensity measurements, etc.

Website: practix-workout.com
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Key Metrics

Founded Year

2017

Location

Tel Aviv, Israel

Stage

Seed

Latest Funding Round

Seed, Mar 28, 2018, $*****

Investors

MassChallenge

Ranked

67^th among 69 competitors

Employee Count

1 - 10 as on Jul 01, 2024

Similar Companies

Tonal & 65 more

View Practix's full profile

Practix has raised funding over 1 round. Its latest funding round was a Seed round on Mar 28, 2018 for $*****. 1 investor participated in its latest round. Practix has 1 institutional investor.

Here is the list of recent funding rounds of Practix:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 28, 2018	8003982	Seed	2626347	4769190	9192739	8529360

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View details of Practix's funding rounds and investors

The founders of Practix are Sivan Entelis and Omri Zaied.

Here are the details of Practix's key team members:

Sivan Entelis: Former Co-Founder of Practix.
Omri Zaied: Co-Founder and CTO of Practix.

View details of Practix's Founder profiles and Board Members

Practix's employee count trend

Practix has 1 - 10 employees as of Jul 24. Here is Practix's employee count trend over the years:

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Top competitors of Practix include Peloton, Tonal and Speediance. Here is the list of Top 10 competitors of Practix, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Peloton 2011, New York City (United States), Public	Provider of smart fitness training equipment and training platforms	$996M	Tiger Global Management, TCV & 39 others	83/100
2nd	Tonal 2015, San Francisco (United States), Series E	Provider of smart home gym equipment and personalized workout programs	$535M	L Catterton, Mayfield & 41 others	72/100
3rd	Speediance 2020, Shenzhen (China), Seed	Provider of smart exercising equipment	$1.58M	Frees Fund, Oriza Holdings & 2 others	59/100
4th	Portl 2021, Hyderabad (India), Series A	Provider of a smart home gym device with an in built personal trainer	$4.01M	Kalaari Capital, Bharat Innovation Fund & 3 others	59/100
5th	Tempo 2015, San Francisco (United States), Series C	Provider of AI-based home gym training platform	$398M	Norwest, SoftBank Vision Fund & 11 others	57/100
6th	Flexnest 2020, Gurugram (India), Unfunded	Manufacturer of home fitness equipment and associated app-based classes	-	-	55/100
7th	Vitruvian 2018, Perth (Australia), Series A	Provider of resistance training smart fitness equipment and app	$51.4M	Larsen Ventures, TEN13 & 3 others	53/100
8th	FORME 2020, Los Angeles (United States), Public	Provider of exercising equipment for fitness training	$109M	Redbus Group, Short List Capital & 1 others	52/100
9th	Oxe Fit 2019, Plano (United States), Series A	Provider of AI-integrated smart workout systems	$70M	Lydia Partners, Reform Ventures & 11 others	50/100
10th	Lululemon Studio 2010, New York City (United States), Series B	Provider of online fitness classes	$80.8M	Spark Capital, Route 66 Ventures & 23 others	47/100
67th	Practix 2017, Tel Aviv (Israel), Seed	Developer of smart home fitness equipment	-	MassChallenge	15/100