GET HCM
magazine
Sign up for the FREE digital edition of HCM magazine and also get the HCM ezine and breaking news email alerts.
Not right now, thanksclose this window
Technogym
Technogym
Technogym
Health Club Management

Health Club Management

Follow Health Club Management on Twitter Like Health Club Management on Facebook Join the discussion with Health Club Management on LinkedIn Follow Health Club Management on Instagram
UNITING THE WORLD OF FITNESS
Get the latest news, jobs and features in your inbox
Health Club Management

Health Club Management

News

Wattbike secures £11.5m investment following lockdown sales boom

Wattbike has secured £11.5m worth of new funding from Piper, a specialist investor in branded consumer businesses.

The indoor bike specialist said the investment will help it drive growth in the UK and further penetrate the US and Asian markets, as it looks to capitalise on the global increase in demand for connected, at-home fitness solutions.

Founded in 2007 by former world champion rower, Ian Wilson – who worked in collaboration with British Cycling – Wattbike initially focused mainly on commercial sales to gyms and sports clubs.

The firm's direct-to-consumer offering also seen rapid growth over the last few years.

According to CEO Rich Baker, the company has experienced particularly strong growth in recent months, with sales orders in April – the month after lockdown – increasing by 192 per cent compared to 2019. As a result, the business is forecasting total sales in excess of £21m for 2020.

Dan Stern, Piper’s investment director who led the deal, said: "We're backing the Wattbike team for the next stage of growth.

"Indoor fitness training – alongside the rise in consumers cycling and participating in triathlons – make this a very attractive market sector and Wattbike is in a league of its own when it comes to high-performance indoor bikes.

"We’re looking forward to working with Rich and the team over the coming years."

Baker added: "We are confident Piper's investment and expertise will help us realise our global ambitions for the Wattbike brand."

The firm has invested significantly in developing a range of products and recently launched three new smart bikes – the Nucleus and Atom X for the B2B market and the Atom Next Generation, the latest Wattbike model for the consumer market.

Alongside its new launches, Wattbike has invested heavily in developing supporting technology, such as the Wattbike Hub app, which enables riders to collect detailed data for training and performance improvement.

The bike is also software agnostic, allowing riders to race and train with friends in a virtual world, by connecting to other providers, such as Zwift.

Wattbike founder Ian Wilson stepped down as CEO in 2018 but remains a non-executive director and shareholder.

Piper has a range of investments in the leisure sector, including boutique operator, Frame, spa and beauty brand, Neom and restaurant brands, Turtle Bay and Hickory's Smokehouse.

It has previously backed companies such as Maximuscle, Pitcher & Piano and the Loungers casual dining brand.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Wattbike has secured £11.5m worth of new funding from Piper, a specialist investor in branded consumer businesses.
TEC,HAF
2020/THUMB346217_327090_993306.jpg
Latest News
Fitness giant Equinox has opened its first fully-outdoor gym in Los Angeles. Called Equinox+ In ...
Latest News
An online fitness community, created by personal trainer and social media influencer, Talilla Henchoz, during ...
Latest News
Two functional fitness franchises are continuing their legal battle over a dispute relating to patents. ...
Latest News
Xponential Fitness has entered the Saudi Arabian gym market with the launch of five boutique ...
Latest News
Chancellor Rishi Sunak's proposals to support the economy through the next six months of the ...
Latest News
The UK government's 'Rule of Six' has come into force in physical activity facilities today ...
Latest News
The UK's physical activity sector has come together to get millions of people active during ...
Latest News
A study by Rutgers University has suggested that it could be possible to predict which ...
Features
Supplier showcase
Prestigious estate, Stoke Park, has invested in a new fitness technology upgrade by Matrix
Features
Insight
As the physical activity and sports sector unites to fight its corner in making a case for government investment, Sport England has commissioned a research study to prove the economic value of activity, giving weight to the argument. Tom Walker reports
Features
Editor's letter
The hard work is paying off and we’re earning a reputation for safe operations. Now it’s time to tackle the next set of challenges – increasing capacity, yield and memberships, deepening engagement and rebuilding profits says liz Terry
Features
Supplier showcase
SIX3NINE opened its second London studio in August, and will continue to partner with Physical Company as it aims to open up to five studios across the city
Features
Body scanning
COVID-19 is driving huge consumer interest in health, creating the opportunity for operators (with the right kit) to offer body scanning and analysis. We look at some of the top options
Features
feature
Wattbike’s lead sport scientist Eddie Fletcher discusses the importance of health assessments, changes in consumer behaviour post-lockdown and the latest UK government strategy
Features
Sponsored briefing
Welcome to the world of creative fitness, where exercise and fun merge to change the way we train. Technogym is here to inspire you to offer members the best workouts and experience, making sure they have a great time
Features
People
I invite every organisation to become part of our consultation on workplace wellbeing, active ageing and long-term health conditions
People
We’re getting high usage: typically 2,000 visits a day. We’ve already celebrated our millionth member visit
People
People in Club V trust me and I want to do the best for them and help them progress
Opinion
promotion
The pandemic has thrown a new focus on health, with sales of body composition analysis equipment at an all-time high, as InBody’s Francesca Cooper explains.
Opinion: Gyms add body composition analysis and health screening to their offering following pandemic
Featured supplier news
Featured supplier: Myzone kicks off #WorkOutToHelpOut campaign
In response to the UK government’s Eat Out To Help Out scheme, Myzone has launched the Work Out To Help Out campaign.
Featured supplier news
Featured supplier: GymPraaktis develops AI Exercise Engine software to revolutionise at-home fitness
Health and wellness software company, GymPraaktis, is launching its new Exercise Engine software for gyms and members looking to improve their fitness routines from home.
Video Gallery
Temple Gym - Nautilus Equipment
Core Health & Fitness
Temple Gym - Nautilus Equipment Read more
More videos:
Company profiles
Company profile: Octane Fitness
A global innovator of high-performance fitness equipment, Octane Fitness, a Nautilus, Inc. brand, continually redefines ...
Company profiles
Company profile: Technogym
Founded in 1983, Technogym is a world-leading international supplier of technology and design-driven products and ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Software
Volution.fit: Software
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Gym flooring
REGUPOL/Berleburger Schaumstoffwerk (BSW): Gym flooring
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Design consultants
Zynk Design Consultants: Design consultants
Trade associations
International SPA Association - iSPA: Trade associations
Spa software
SpaBooker: Spa software
Whole body cryotherapy
Art of Cryo: Whole body cryotherapy
Skincare
Comfort Zone - Davines S.p.A: Skincare
Direct debit solutions
Harlands Group: Direct debit solutions
Property & Tenders
11 - 25 Union St, London SE1 1SD
Bankside Open Spaces Trust
Property & Tenders
Waltham Abbey, Essex
Lee Valley Regional Park Authority
Property & Tenders
Diary dates
07 Oct 2020
Online, Singapore, Singapore
Diary dates
17-23 Oct 2020
Pinggu, Beijing, China
Diary dates
03-06 Nov 2020
Online,
Diary dates
17 Nov 2020
Loughborough University, Loughborough, United Kingdom
Diary dates
27-28 Nov 2020
Athena, Leicester, United Kingdom
Diary dates
02-04 Feb 2021
Ericsson Exhibition Hall, Ricoh Arena, Coventry, United Kingdom
Diary dates
23-26 Feb 2021
IFEMA, Madrid, Spain
Diary dates
03-04 Mar 2021
NEC, Birmingham, United Kingdom
Diary dates
03-06 Jun 2021
Expo Centre & Riviera di Rimini, Italy
Diary dates
16-17 Jun 2021
ExCeL London, London, United Kingdom
Diary dates

News

Wattbike secures £11.5m investment following lockdown sales boom

Wattbike has secured £11.5m worth of new funding from Piper, a specialist investor in branded consumer businesses.

The indoor bike specialist said the investment will help it drive growth in the UK and further penetrate the US and Asian markets, as it looks to capitalise on the global increase in demand for connected, at-home fitness solutions.

Founded in 2007 by former world champion rower, Ian Wilson – who worked in collaboration with British Cycling – Wattbike initially focused mainly on commercial sales to gyms and sports clubs.

The firm's direct-to-consumer offering also seen rapid growth over the last few years.

According to CEO Rich Baker, the company has experienced particularly strong growth in recent months, with sales orders in April – the month after lockdown – increasing by 192 per cent compared to 2019. As a result, the business is forecasting total sales in excess of £21m for 2020.

Dan Stern, Piper’s investment director who led the deal, said: "We're backing the Wattbike team for the next stage of growth.

"Indoor fitness training – alongside the rise in consumers cycling and participating in triathlons – make this a very attractive market sector and Wattbike is in a league of its own when it comes to high-performance indoor bikes.

"We’re looking forward to working with Rich and the team over the coming years."

Baker added: "We are confident Piper's investment and expertise will help us realise our global ambitions for the Wattbike brand."

The firm has invested significantly in developing a range of products and recently launched three new smart bikes – the Nucleus and Atom X for the B2B market and the Atom Next Generation, the latest Wattbike model for the consumer market.

Alongside its new launches, Wattbike has invested heavily in developing supporting technology, such as the Wattbike Hub app, which enables riders to collect detailed data for training and performance improvement.

The bike is also software agnostic, allowing riders to race and train with friends in a virtual world, by connecting to other providers, such as Zwift.

Wattbike founder Ian Wilson stepped down as CEO in 2018 but remains a non-executive director and shareholder.

Piper has a range of investments in the leisure sector, including boutique operator, Frame, spa and beauty brand, Neom and restaurant brands, Turtle Bay and Hickory's Smokehouse.

It has previously backed companies such as Maximuscle, Pitcher & Piano and the Loungers casual dining brand.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Wattbike has secured £11.5m worth of new funding from Piper, a specialist investor in branded consumer businesses.
TEC,HAF
2020/THUMB346217_327090_993306.jpg

News

Fitness giant Equinox has opened its first fully-outdoor gym in Los Angeles. Called Equinox+ In
An online fitness community, created by personal trainer and social media influencer, Talilla Henchoz, during
Two functional fitness franchises are continuing their legal battle over a dispute relating to patents.
Xponential Fitness has entered the Saudi Arabian gym market with the launch of five boutique
Chancellor Rishi Sunak's proposals to support the economy through the next six months of the
The UK government's 'Rule of Six' has come into force in physical activity facilities today
MyZone Group Ltd
MyZone Group Ltd
In response to the UK government’s Eat Out To Help Out scheme, Myzone has launched
The UK's physical activity sector has come together to get millions of people active during
A study by Rutgers University has suggested that it could be possible to predict which
Health club and gyms operators in California are suing state governor Gavin Newsom in an
The Global Wellness Summit (GWS) has announced the appointment of C. Victor Brick, CEO of
More than 100 sport and physical activity bodies have sent a letter to UK Prime
Gyms in the UK are continuing to successfully control COVID-19 transmisssion, according to the latest
fibodo Limited
fibodo Limited
As the government announced its new obesity strategy to limit the impact of a potential
Electronics giant LG has entered the fitness and wellness market with the launch of a
Exercise has been voted the number one way the public can help the NHS –
Hundreds of thousands of small companies in the UK – including those operating in fitness
Miha Bodytec GmbH
Miha Bodytec GmbH
1 - 15 of 11,616
Features
Supplier showcase
Prestigious estate, Stoke Park, has invested in a new fitness technology upgrade by Matrix
Features
Insight
As the physical activity and sports sector unites to fight its corner in making a case for government investment, Sport England has commissioned a research study to prove the economic value of activity, giving weight to the argument. Tom Walker reports
Features
Editor's letter
The hard work is paying off and we’re earning a reputation for safe operations. Now it’s time to tackle the next set of challenges – increasing capacity, yield and memberships, deepening engagement and rebuilding profits says liz Terry
Features
Supplier showcase
SIX3NINE opened its second London studio in August, and will continue to partner with Physical Company as it aims to open up to five studios across the city
Features
Body scanning
COVID-19 is driving huge consumer interest in health, creating the opportunity for operators (with the right kit) to offer body scanning and analysis. We look at some of the top options
Features
feature
Wattbike’s lead sport scientist Eddie Fletcher discusses the importance of health assessments, changes in consumer behaviour post-lockdown and the latest UK government strategy
Features
Sponsored briefing
Welcome to the world of creative fitness, where exercise and fun merge to change the way we train. Technogym is here to inspire you to offer members the best workouts and experience, making sure they have a great time
Features
People
I invite every organisation to become part of our consultation on workplace wellbeing, active ageing and long-term health conditions
People
We’re getting high usage: typically 2,000 visits a day. We’ve already celebrated our millionth member visit
People
People in Club V trust me and I want to do the best for them and help them progress
People
HCM people

Luca Maggiora

Co-founder, House of Wisdom
People think making a change is easy and fast, but that isn’t true. It’s hard and it takes time
People
Member confidence is the single most important factor, and I say – without doing so lightly – that our cleanliness standards, protocols and marketing are the best I’ve seen in the industry
People
HCM people

Mark Tweedie

CEO, Community Leisure UK
Once facilities are mothballed they are unlikely to reopen ever again
People
I’m Confident we can deliver 50 coach gyms in the uk, however, I feel the opportunity is really much larger
People
There will be hundreds of products, services and innovations available in society, to support people in being active, and our expertise will have contributed
People
When we have 13,000 people living in our villages, we know we can save the NHS over £40m a year
People
Opinion
promotion
The pandemic has thrown a new focus on health, with sales of body composition analysis equipment at an all-time high, as InBody’s Francesca Cooper explains.
Opinion: Gyms add body composition analysis and health screening to their offering following pandemic
Featured supplier news
Featured supplier: Myzone kicks off #WorkOutToHelpOut campaign
In response to the UK government’s Eat Out To Help Out scheme, Myzone has launched the Work Out To Help Out campaign.
Featured supplier news
Featured supplier: GymPraaktis develops AI Exercise Engine software to revolutionise at-home fitness
Health and wellness software company, GymPraaktis, is launching its new Exercise Engine software for gyms and members looking to improve their fitness routines from home.
Video Gallery
Temple Gym - Nautilus Equipment
Core Health & Fitness
Temple Gym - Nautilus Equipment Read more
More videos:
Company profiles
Company profile: Octane Fitness
A global innovator of high-performance fitness equipment, Octane Fitness, a Nautilus, Inc. brand, continually redefines ...
Company profiles
Company profile: Technogym
Founded in 1983, Technogym is a world-leading international supplier of technology and design-driven products and ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Software
Volution.fit: Software
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Gym flooring
REGUPOL/Berleburger Schaumstoffwerk (BSW): Gym flooring
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Design consultants
Zynk Design Consultants: Design consultants
Trade associations
International SPA Association - iSPA: Trade associations
Spa software
SpaBooker: Spa software
Whole body cryotherapy
Art of Cryo: Whole body cryotherapy
Skincare
Comfort Zone - Davines S.p.A: Skincare
Direct debit solutions
Harlands Group: Direct debit solutions
Property & Tenders
11 - 25 Union St, London SE1 1SD
Bankside Open Spaces Trust
Property & Tenders
Waltham Abbey, Essex
Lee Valley Regional Park Authority
Property & Tenders
Diary dates
07 Oct 2020
Online, Singapore, Singapore
Diary dates
17-23 Oct 2020
Pinggu, Beijing, China
Diary dates
03-06 Nov 2020
Online,
Diary dates
17 Nov 2020
Loughborough University, Loughborough, United Kingdom
Diary dates
27-28 Nov 2020
Athena, Leicester, United Kingdom
Diary dates
02-04 Feb 2021
Ericsson Exhibition Hall, Ricoh Arena, Coventry, United Kingdom
Diary dates
23-26 Feb 2021
IFEMA, Madrid, Spain
Diary dates
03-04 Mar 2021
NEC, Birmingham, United Kingdom
Diary dates
03-06 Jun 2021
Expo Centre & Riviera di Rimini, Italy
Diary dates
16-17 Jun 2021
ExCeL London, London, United Kingdom
Diary dates
Search news, features & products:
Find a supplier:
Technogym
Technogym