Powers Gymnastics (“Powers”) announced a $16.8 Million in Series A funding by Nashville-based Relevance Ventures.
Powers will continue to provide accessible, state-of-the-art gymnastics facilities. This includes the manufacture of Ninja Warrior obstacle courses and comprehensive insurance solutions for gym owners. Powers was an early adopter of the Ninja Warrior obstacle course and gymnastics.
He also gamified and mindfully aligned family, fun, and competition for coaches and athletes, both inside and outside the training facility.
This news comes as youth sports continues to grow, especially with NIL working its way downstream.
“Many gyms are built for elite athletes, but we are trying to be more attentive to all athletes who want to maximize their potential, regardless of whether that is at the elite level or recreational level,” explained Jill Powers, Founder of Powers Gymnastics.
Gymnastics is a foundational sport that teaches balance, flexibility, and motion. Powers makes the sport more accessible, fun, and suitable for all ages and abilities.
Powers is committed to enhancing safety and best practice, both on the mats and off. Full-time coaches are assessed for their ability as mentors (e.g. Their personality and values to ensure that they are aligned with the gym’s goal of trusting in gymnastics.
“We are eager to partner with Powers’ wholistic-minded executive team who are reshaping and modernizing the gymnastics experience and underlying business, whether through a recurring-revenue-based cash-flow model with real assets, or viewing gymnastics as the centerpiece of a more wholistic athlete experience,” said Cameron Newton, General Partner at Relevance Ventures.
Powers’ solutions help athletes not only physically, but also mentally and emotionally. Relevance Ventures provided funding and counsel. The two plan to keep improving the perception of gymnastics and reinforce the sport’s morals and values.
