Foley & Lardner LLP represented New Enterprise Associates (NEA) and Connect Ventures as lead investors in the $90 million Series B funding round of FightCamp, an at-home boxing and kickboxing connected fitness platform. FightCamp plans to use the investment proceeds to expand to the Android platform, launch internationally, and increase the depth of its interactive content to help users dive deeper into the sport of boxing, kickboxing and martial arts.
The round was led by NEA and Connect Ventures, an investment partnership between leading entertainment and sports agency Creative Artists Agency (CAA) and NEA, and celebrity investors rooted in the world of boxing and martial arts, including Mike Tyson, Floyd Mayweather, Georges St-Pierre and Francis Ngannou. Additional investors include Institutional Venture Partners (IVP); Y Combinator; Ilkka Paananen, founder and CEO of Supercell; Fritz Lanman, CEO of ClassPass; Usher, platinum recording artist and dancer; and Katheryn Winnick, actress and 3rd Dan Black Belt holder in karate and taekwondo.
Foley served as lead counsel to NEA and Connect Ventures and negotiated the transaction. The team was led by partners Louis Lehot and Nicole Hatcher and included partners Casey Knapp and Raj Tanden, special counsel Catherine Zhu, and associate Ethan Floyd.