Culture Supplier News

[Culture News] Black-Owned Business Receives Largest ‘Shark Tank’ Tech Funding in Show’s History

Nexercise, a D.C.-based technology fitness company, scored the largest tech startup funding in the history of the ABC television show Shark Tank.

Co-founders, CEO Ben Young (Black Enterprise’s 2015 Techpreneur of the Year) and COO Gregory Coleman negotiated a deal with ‘shark’ Mark Cuban at 1.5 million for 10% stake in their company.

The winning pitch was with Nexercise’s latest product; an interactive fitness app called Sworkit. The app offers customizable and randomized workouts.

Young agrees that Cuban’s investment will help give Sworkit the resources to double their team and migrate from a leading app to a leading platform.

“Our mission is to become the leading global standard for all instructional exercise,” said Sworkit CEO Ben Young. “The exposure from Shark Tank will allow us to reach even more users.”

Full Story on Black Enterprise >>>

 

Click to comment

Leave a Reply

Your email address will not be published.

To Top