Expensive Wellness Brand Therabody Gains Celeb Investors

X

Leading tech wellness brand Therabody, which sells Theragun massage devices from retailers such as JB Hi-Fi, Harvey Norman and Bing Lee, has raised equity from over 100 celebrity investors.

Therabody opened up this round of investments to accelerate expansion both in Australia and globally.

Big name celebrities such as rapper Jay-Z, singers Justin Timberlake, Rihanna and model Karlie Kloss have invested in the tech company – many of whom already use Therabody products.

“To have such a significant number of premiere athletes, entrepreneurs, and celebrities invest in our company is both an honor and a testament to the validity of Therabody’s products and mission,” said Benjamin Nazarian, CEO of Therabody.

HOME ACCESSORIES BLOCK DESK Expensive Wellness Brand Therabody Gains Celeb Investors

“Therabody has grown exponentially not only because of our commitment to efficacy and research, but because of the trust that our customers have in what we develop. Our investors not only see the value in taking care of their bodies naturally, but they are investing in both the industry and in a brand that they believe is creating impact.”

US-based Therabody has been in operation since 2017 and grew its profits by more than 30x in 2020.

It has expanded into more than 60 countries and increased retailer distribution to 10,000 doors in 18 months, including in JB Hi-Fi, Harvey Norman, Bing Lee, David Jones and Rebel Sport in Australia.

TESTIMONIAL RILEY MIKAELA Expensive Wellness Brand Therabody Gains Celeb Investors

LG HE FN Series Banners 4SQM LB 728x90 Expensive Wellness Brand Therabody Gains Celeb Investors
BEL2117 4Square AUF001 728x90 Expensive Wellness Brand Therabody Gains Celeb Investors
HAR0468 PBOXGO 728x90 Expensive Wellness Brand Therabody Gains Celeb Investors
SmartHouse Yoga Slim Carbon 728 x 90 Expensive Wellness Brand Therabody Gains Celeb Investors
2231 NEXUS 4SQM Digital Banner Ads Leaderboard 728x90 Expensive Wellness Brand Therabody Gains Celeb Investors
Wave 728x90px Expensive Wellness Brand Therabody Gains Celeb Investors
Olimpia Splendid Unico Cooling 728x90 Expensive Wellness Brand Therabody Gains Celeb Investors
COVR X1870 728x902 Expensive Wellness Brand Therabody Gains Celeb Investors
Nextbase Hero 728x90px 2 1 Expensive Wellness Brand Therabody Gains Celeb Investors
Uniden PRO 728 x 90 Expensive Wellness Brand Therabody Gains Celeb Investors

YOU MAY ALSO LIKE