• Vitruvian, an Australian connected fitness company, has raised AUD 20 million (USD 15 million) in Series A funding co-led by Larsen Ventures and Ten13 (Steve Baxter’s syndicate group). Following this fundraise, the company’s total funding stands at approximately USD 24.1 million.

• The company plans to use the funding to ramp up production, expand its team, and enter the US market.  

<ul><li> Analyst QuickTake: With today’s funding Vitruvian becomes the third-highest funded startup within our coverage under the “other connected fitness product” segment (excludes bikes, treadmills, smart mirrors, and rowers), behind interactive punching bag developers FightCamp and LiteBoxer . This round comes in less than a year since it raised USD 6 million in a seed funding round to bring its second-generation product to market.</ul>