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Les Mills
Health Club Management

Health Club Management

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UNITING THE WORLD OF FITNESS
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Health Club Management

Health Club Management

News

Tech billionaire Tim Draper joins newly launched Grit Bxng as investor

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.

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American venture capitalist and tech billionaire Tim Draper has joined the team of investors behind newly launched luxury group fitness boxing chain Grit Bxng.
HAF,FIT,IND,PTS,PHR
imagesX/THUMB341958_277041_311047.jpg
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News

Tech billionaire Tim Draper joins newly launched Grit Bxng as investor

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.

Sign up for FREE ezines & magazines
American venture capitalist and tech billionaire Tim Draper has joined the team of investors behind newly launched luxury group fitness boxing chain Grit Bxng.
HAF,FIT,IND,PTS,PHR
imagesX/THUMB341958_277041_311047.jpg

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New refurbishment featuring Technogym’s Biocircuit sees 27 per cent membership growth in the first six months at Macclesfield Leisure Centre
Features
Talking point
Personal trainers play a key role in the gym environment, helping members to achieve their fitness goals. But are the current training models allowing them to do this in the best possible way? Or could they be doing more? We ask our panel of experts
Features
FIBO China
Jak Phillips went to FIBO China and filed this report
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Promotional feature
Matrix Fitness is launching MX4 Active to engage the ageing and deconditioned populations. We talk to Steve Barrett, director of global group education and training, to find out more
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Now in its eighth year, Myzone has established itself as a key player in the fitness industry. We chat to Myzone's global marketing director, Gemma Bonnett-Kolakowska, about how the brand continues to develop and evolve
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Gen Z has come of age, and is engaging with fitness in new ways. We look at how health clubs can appeal to this young, tech-savvy and value-conscious age group
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Featured supplier news
Featured supplier: FunXtion launch Online Coaching; helping PT’s work effectively, efficiently and increase client contact time
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Catalogue Gallery
Click on a catalogue to view it online
Directory
Locking solutions
Ojmar: Locking solutions
Direct debit solutions
Harlands Group: Direct debit solutions
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Audio visual
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Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Skincare
Sothys: Skincare
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ResortSuite: Spa software
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Physical Company Ltd: Fitness equipment
Member access schemes
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Property & Tenders
Diary dates
21-22 Sep 2019
Locations worldwide,
Diary dates
23-26 Sep 2019
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Diary dates
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Les Mills
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