2017 Under the Radar: OYO Fitness stretches its influence
August 29, 2017 | Meghan LeVota
Editor’s note: Startland News picked 10 early-stage firms to spotlight for its annual Under the Radar startups list. The following is one of 2017’s companies. To view the full list, click here.
[divide]
A Kansas City startup originally established with NASA astronauts in mind continues to expand its orbit.
OYO Fitness — which stands for On Your Own Fitness — creates workout devices using resistance similar to a cable machine via the firm’s patented “SpiraFlex” technology. Founder and inventor Paul Francis designed the tech to keep NASA astronauts in shape while on the International Space Station. Fifty crew members have used the technology, Francis said.
The DoubleFlex Black — about the size of a loaf of bread when compact — uses coiled rubber-band-like straps within a removable wheel that are then snapped into the center of the bow. Each wheel creates 5 to 10 pounds of resistance, but weighs only a few ounces, enabling the device to have a low profile and be lightweight.
OYO Fitness owes part of its early success to a popular Kickstarter campaign. With more than $700,000 raised, the firm is ranked as the second-highest-funded fitness project in the crowdfunding platform’s history. The campaign is currently placed in the top 99.9 percent of all products on Kickstarter, which is the world’s leading crowdfunding platform. OYO also nabbed $230,000 from Indiegogo.
Earlier this summer, the company announced it expanded sales to Taiwan and Japan. OYO Fitness has achieved more than $1 million in sales this year and is projected to reach $10 million next year, Francis said.
Francis, a 62-year-old inventor who studied architecture at the University of Kansas, has largely bootstrapped the firm since its launch. OYO Fitness is gearing up to raise its first round of venture capital, aiming for $1 million.
A team of five staffers is looking to add one more to the team, specialized in digital marketing and advertising. Now the firm’s products are sold across the world on QVC, in Brookstone stores, Sharper Image, Amazon and dozens of catalogs, he said.
Featured Business
2017 Startups to Watch
stats here
Related Posts on Startland News
‘Economic eviction notice’: Property owners decry tax spike as ‘death sentence for small business’
Critic of tax office says Jackson County is betting most property owners hit with inflated bills are too intimidated to appeal State lawmakers could be Jackson County business owners’ last hope, said Ian Davis, testifying Wednesday in the Missouri state capitol about spiking property tax assessments that have seen entrepreneurs hit with increases of up…
South KC hub heats up with $100M+ cold storage investment; logistics site expected to bring 190 jobs
A strategic collaboration between Americold and CPKC underscores Kansas City’s growing role in advancing cross-border commerce and temperature-controlled logistics, officials said Tuesday, celebrating the grand opening of a 335,000-square-foot Import-Export Hub in South Kansas City. Americold’s new $100 million-plus facility is expected to create nearly 190 new jobs and serve as a hub for Canadian…
Innovation Fest pitch winner touts unexpected treat: growing his animal health startup in Kansas
Emmanuel Bijaoui’s first time in Kansas — for Tuesday’s Innovation Festival and onboarding for the incoming Plug and Play Topeka cohort — has left the Treat Therapeutics founder with a lasting impression of the region’s entrepreneurial ecosystem, he shared. “We always talk about the Animal Health Corridor,” he said after winning the festival’s BioKansas Startup…
‘Troost is not scary’: Kansas City equity walk highlights Black business revival
Editor’s note: This story was originally published by The Beacon, a member of the KC Media Collective, which also includes Startland News, KCUR 89.3, American Public Square, Kansas City PBS/Flatland, and Missouri Business Alert. Click here to read the original story from The Beacon, an online news outlet focused on local, in-depth journalism in the public interest.…