Therabody announces investment from more than 100 sport stars and celebrities

18 Feb 2021

By: Sport Industry Group

Tech wellness brand Therabody has raised equity from more than 100 famous names across sport, business, culture, and entertainment. 

The group of investors includes Premier League footballers and rugby players alongside US sports personalities, including nine current and former professional quarterbacks. The list also includes a number of celebrities across music and entertainment, many of whom say they already incorporate Therabody’s recovery devices into their training, recovery, and overall wellness routines.

The latest round of investment includes contributions from the likes of US personalities Jay-Z, James Harden’s 13 Endeavors, and Kevin Durant and Rich Kleiman’s Thirty Five Ventures.

Global investors include Premier League trio Trent Alexander-Arnold, Kevin De Bruyne, and Marcus Rashford, as well as England rugby star Maro Itoje. 

Other celebrities from around the world of music and entertainment, such as Rihanna, Justin Timberlake and Daniel Craig, are also listed as investors in the latest round of funding.

The brand was launched by Dr Jason Wersland, Therabody’s Founder and Chief Wellness Officer, who invented the world’s first hand-held percussive massage therapy device as an alternative to surgery or pain medication to treat injuries sustained in a motorbike accident. 

In 2016, he - along with Therabody’s CEO, Benjamin Nazarian - commercially launched the company under its initial name Theragun. In 2020, the company evolved into Therabody, and now offers a range of products that sit at the intersection of fitness, recovery, and pain management. 

“To have such a significant number of premier athletes, entrepreneurs, and celebrities invest in our company is both an honor and a testament to the validity of Therabody’s products and mission,” said Benjamin Nazarian, CEO, Therabody. 

“Therabody has grown exponentially not only because of our commitment to efficacy and research, but because of the trust that our customers have in what we develop. Our investors not only see the value in taking care of their bodies naturally, but they are investing in both the industry and in a brand that they believe is creating impact. We’re fortunate to be working with some of the strongest and smartest people in the business, across various professions, and look forward to further revolutionizing health and recovery.”

Larry Marcus, Co-founder, Marcy Venture Partners, one of the group of investors, added: “Ben, Dr. Jason, and the entire Therabody team are passionate about helping people and delivering innovative products and experiences. We deeply resonate with the company’s mission of providing recovery, health, and holistic wellness solutions for everybody.

"The consumer and professional feedback that we've seen and heard about Therabody is off the charts. We see a massive opportunity for the brand on a global level, and we're looking forward to their continued growth ahead."