Sworkit

personalized customizeable workout app

SworkitDidn't CloseFitness & SportsWebsiteBethesda, MDby Ben Young and Greg ColemanS7E18

Pitch Details

Season / Episode

S7E18

Feb 19, 2016

Ask

$1.5M

for 8%

Ask Valuation

$18.8M

Deal

$1.5M

for 10%

Watch the Pitch

Deal Terms

Amount$1.5M
Equity10%
Valuation$15M
Mark CubanMark Cuban

What Happened Next

Deal Fell Through

Differences in vision between Cuban and founders during due diligence

Operating

$60M

estimated

  • Appeared on Season 7; deal with Mark Cuban for $1.5M for 10%
  • Workout/fitness app with customizable exercise routines
  • Grew to millions of downloads across iOS and Android
  • Pivoted to subscription model for sustainable revenue
  • Expanded into corporate wellness and family fitness programs

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