Press "Enter" to skip to content

Nexersys Shark Tank Update

0

Found in 2010, Nexersys is a fitness-oriented technology-driven company in the United States that provides personal training and interaction to their trainees in their home space. How cool and convenient is that right? You don’t have to go to a gym, But does the company trade all the products? Yes, it does but the company holds a specialty for the trending punching pads, aiming especially at beginners.

Does it mean you can start your boxing classes right from your home, yes you can. You can have your very own punch pad station, be it a beginner or a professional, Nexersys boxing machine is a very commercial product at the same time a personal gym.

What makes a Nexersys boxing machine interesting? A screen tablet that guides you with the training, an LCD monitor, 3D animation where you have a 3D animated trainer mitts mode, 3-axis accelerometers, feedback after each session, 3D gloves for elite users, and an N3 mobile app to keep every record of yours. Yes, all of these and much more.

Nexersys at a glance:

IdeaHard Body and Sharp Mind
FoundersTerry Jones
Asked For$ 2,000,000 For 10%
Accepted DealNo deal
SharksNo Sharks
Business statusIn Business
Episode No.Season 5, Episode 16
WebsiteNexersys

Index:

Founder Story:

Terry Jones is the founder of Nexersys and invented it with the vision of a Hard Body and Sharp mind.  He has completed his Bachelor’s in business Administration and is the CEO and president of Nexersys.

Terry has always been the fitness freak, years ago when he was doing mitts with his trainer in the gym, he found it a great exercise and realized that not everyone can afford a personal trainer and that’s how he decided to put mitts on the stand and this was the genesis for Nexersys.

Did Nexersys get a deal on Shark Tank?

The company appeared on Shark Tank in 2014. In his pitch, Terry demonstrated the product with the help of an athlete Marlen Esparza, a product that is an “Interactive and Intelligent fitness and gaming platform that delivers a fast, fun, and effective workout for everyone”.

See also  Ice Beanie Shark Tank Update

No Nexersys did not get a deal on the shark tank. The reason that the company couldn’t crack the deal was due to its debt at the early stage and the cost of the product which was $7000 for the commercial unit and $2, 995 for the home unit.

What happened to Nexersys after Shark Tank?

Though Nexersys did not win a deal, it seemed like the company needed a little more marketing and a push. The sales increased over 450% within a few months leading to the gathering of 50% profits that came from royalty revenue and software licenses.

They also launched the N3 series that introduced new models for pro, commercial, and home use, 3D animation, a new, improved, and modified body pad, and cloud-based content that could be accessed anywhere.

  • The revenue in June 2022 was reported to be $5.1 million and the valuation of the company during the pitch was $20 million.
  • The Company has expanded its business, it has added many products, like, budget cross-fit trainers that are priced at $295, and boxing trainers that cost $595. They have four models for industrial use, N3 Elite, N3 commercial, N3 Pro, and N3 Youth. Their other products include dumbbells, machine guns, sit-up bars, boxing gloves, hand wraps, sports towels, and many more.

Competitors of Nexersys

  • Pro Fitness
  • Yowaza Fitness
  • Advanced fitness Group
  • Stamina Products Inc
  • Technogym
  • Lifefitness
  • At home Fitness LLC
  • Will lay

What’s the net worth of Nexersys?

During the Shark Tank, the company was valued at $20 Million. Also, revenue in June 2022 was reported to be $5.1 million.

Is Nexersys still in business?

Yes, Nexersys is still in business. Also, revenue in June 2022 was reported to be $5.1 million.

Social Links:

Do Share Your Thoughts:

Do tell us all your thoughts in the comments section below, we look forward to reading all the comments in the section below.

Also, don’t forget to try our Android app 📱 which contains startup case studies and business book insights 📚 , verified business strategies, and no bullshit!!

Related Articles:

FAQs:

What is Nexersys ?

Nexersys is a fitness-oriented technology driven company of the United States that provides personal training and interaction to their trainees at their home space

What's the net worth of Nexersys ?

During the Shark Tank, the company was valued at $20 Million. Also, revenue in June 2022 was reported to be $5.1 million.

Leave a Reply