CombatStrips Raises $2.5M in Seed Funding to Scale Operations
FOR IMMEDIATE RELEASE
San Diego, CA - April 20, 2024 - CombatStrips announced today the completion of a $2.5 million seed funding round led by Apex Ventures, with participation from individual investors including former UFC champion Georges St-Pierre.
Funding to Accelerate Growth
The capital will be used to:
- Expand manufacturing capacity to meet growing demand
- Develop new product variations (different sizes, enhanced formulations)
- Increase athlete partnership program
- Expand into international markets
"We've seen exponential growth since launch," said Mike Rodriguez, CombatStrips CEO. "This funding allows us to scale operations while maintaining our commitment to quality and performance."
Investor Confidence
"CombatStrips represents exactly the kind of innovation we look for," said David Chen, Partner at Apex Ventures. "A massive market, clear product differentiation, and data-driven performance claims. The traction they've achieved in under a year is remarkable."
Georges St-Pierre's investment came after personal use of the product: "I wish this existed during my competitive career. The performance advantage is real. I'm proud to support the team."
Rapid Market Adoption
Since launching in June 2023, CombatStrips has:
- Sold over 100,000 individual strips
- Partnered with 75+ professional athletes
- Sponsored 12 major tournaments
- Achieved 94% customer satisfaction rating
International Expansion Plans
The company plans to launch in Brazil, Japan, and Europe in Q3 2024, targeting major jiu-jitsu and MMA markets.
"Combat sports are global," Rodriguez noted. "Our product works regardless of language or location. We're ready to serve serious athletes worldwide."
About CombatStrips CombatStrips develops performance equipment for combat athletes, combining scientific research with real-world competition validation.
About Apex Ventures Apex Ventures is a venture capital firm focused on sports performance technology and athlete wellness innovations.
Media Contact: press@combatstrips.com