A new Jersey-based gym company says it raised $8 million in Series A funding on Thursday, bringing its total valuation to $25 million.
Gym Equipment Holdings, which focuses on building gym equipment for gyms, says it will use the funds to grow its workforce and develop new product lines.
The company has raised $6.4 million so far.
The company says its products are built with the latest in technology, including sensors and sensors embedded into the gym’s equipment.
The gyms can monitor the movement of athletes as well as track the strength and conditioning of the athletes.
Gem Equipment has raised at least $835,000 in the last three months, including $600,000 from Founders Fund.