Exercise Professionals - Tech billionaire Tim Draper joins newly launched Grit Bxng as investor...
18 Jun 2019 Exercise professionals: News, jobs and training
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

23 May 2019

Tech billionaire Tim Draper joins newly launched Grit Bxng as investor
BY Tom Walker

Draper, currently number seven on the Forbes Midas List, is investing in the new chain

Draper, currently number seven on the Forbes Midas List, is investing in the new chain
photo: Diarmuid Greene/Web Summit

American venture capitalist and tech billionaire Tim Draper has joined the team of investors behind newly launched luxury group fitness boxing chain Grit Bxng.

Draper, who is currently number seven on the Forbes Midas List, is the founder of a global network of venture capital funds – which include Draper Associates, DFJ and the Draper Venture Network.

He has specialised in tech investments and has stakes in companies such as Tesla, TwitchTV, Skype and SpaceX.

Draper's inclusion on the GRIT team coincides with the company revealing that it will accept Bitcoins as payment when it opens its first location in New York later this year.

"I'm very happy that Grit Bxng will be the first studio chain to accept Bitcoin," Draper said.

"Within three years most other fitness chains will be accepting them – and Grit will be the first."

Grit Bxng was launched earlier this year by entrepreneur Bill Zanker, alongside a team including self-styled life coach Tony Robbins and American rapper Pitbull.

Grit Bxng is set to open its first location in New York, US in June. It will offer 50-minute HIIT group classes, with the "fundamentals of boxing at its core".

The 5,000sq ft club's interior will feature giant video screens and a light and sound system designed to make a workout feel like a night out.

Classes will take place in a three-module studio with treadmills, punching bags and benches.

The classes will combine music playlists curated by Pitbull and motivational content – featuring Robbins – beamed on giant video screens.



Connect with
Exercise Professionals
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
Budget chain EōS Fitness ramps up expansion plans
Budget chain EōS Fitness ramps up expansion plans   17 Jun 2019

Low-cost gym operator EōS Fitness has acquired five former Gold's Gym locations in Utah – its first in the US state. The acquisitions are part of .... more>>
New management team credited with "reversal of membership decline" at Total Fitness
New management team credited with   14 Jun 2019

Health club operator Total Fitness has completed a turnaround of its fortunes, reversing a "steady decline in membership" in the past 12 months. The .... more>>
Virtual exercise companion CoachAi declared winner of this year's ActiveLab
Virtual exercise companion CoachAi declared winner of this year's ActiveLab   13 Jun 2019

CoachAi, a virtual companion that interacts with members through their smartphones, has been declared the winner of this year's ActiveLab competition. .... more>>
The Gym Group offers free memberships to 'stressed teenagers'
The Gym Group offers free memberships to 'stressed teenagers'   13 Jun 2019

The Gym Group has launched a marketing campaign targeting teenagers who are in the midst of their exam period. The budget chain is offering free .... more>>
Health club design can 'aid retention by alleviating the pain of exercise'
Health club design can 'aid retention by alleviating the pain of exercise'   12 Jun 2019

Health club design can play a crucial role in improving member retention – partly by making exercisers "forget" about pain and feelings of discomfort .... more>>
Sports and fitness complex to open at £160m Alderley Park project
Sports and fitness complex to open at £160m Alderley Park project   12 Jun 2019

A new health club and sports complex will launch as part of the Alderley Park science and technology park in Cheshire. The complex will include a .... more>>
Company profile


The JC Group

What makes us unique is our personable service where one size does certainly not fit all. Our relationship managers take the time to understand your business and what you are trying to achieve.

View full profile>>

Catalogue gallery


Featured Supplier

Fashionizer Spa offers wellness promotion to celebrate Global Wellness Day

Fashionizer Spa offers wellness promotion to celebrate Global Wellness Day

In celebration of Global Wellness Day, Fashionizer Spa is contributing with a Wellness Promotion, offering 15 per cent off of selected items. More>>




in this issue

• Government should 'invest in wellness'
• Budget chain Sweat! goes bust
• New tourist attraction for Inverness Castle



Latest jobs

Jobs Search



Personal Trainer - Self Employed
Salary: Fantastic Benefits
Location: Hampshire, England
Company: The Gym Group
Personal Trainer / Fitness Trainer
Salary: Fantastic Benefits
Location: Hampshire, England
Company: The Gym Group
Duty Manager
Location: Nottingham, UK
Company: Lex Leisure
Marketing and Sports Development Manager
Salary: £19,000 to £21,000 pa
Location: Penzance, UK
Company: Parkwood Leisure
Diary dates
Powered by leisurediary.com




15-17 Jun 2019

International Esthetics, Cosmetics & Spa Conference Las Vegas

Las Vegas Convention Center, Las Vegas, United States


18 Jun 2019

Next steps for the UK tourism industry post Brexit: skills, growth and delivering a sector deal

Central London, United Kingdom



Health Club Management magazine 2019 issue 6
Health Club Management
2019 issue 6

View issue contents
View on turning pages
Download PDF
  Promotional feature: Technogym
Technogym’s Club 4.0 concept helps operators innovate, with compelling content and all-new classes. We find out about how it’s being put to use by operators More>>
  Promotional feature: Power plate
Discover the latest vision from Power Plate More>>


Health Club Management magazine 2019 issue 5

Health Club Management
2019 issue 5

View issue contents
View turning pages
Download PDF
  Active ageing: Age concern
Older people are less likely to exercise, making them more prone to developing long-term health conditions. How can fitness providers reach people in their 50s, 60s, 70s and above? More>>
  Promotional feature: Wattbike
Two new Wattbikes, the Atom X and Icon, offer complete indoor cycling solutions that create immersive experiences for the rider More>>


Published by The Leisure Media Company Ltd Portmill House, Portmill Lane, Hitchin, Herts SG5 1DJ. Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd