Smart Fabrics for Sports & Fitness Industry Overview
The smart fabrics for the sports and fitness market is highly competitive due to the presence of many small and large players. The major players are Nike Inc., AiQ, Adidas AG, Smartex SRL, and Koninklijke Ten Cate NV, among others. The start-ups are also investing in Smart materials for sports and fitness to introduce new technology.
- June 2022 - Nextiles, a smart fabric technology business, raised USD 5 million in a seed fundraising round that was oversubscribed, allowing it to create technologies that might generate new data streams for performance analytics. Madison Square Garden Sports Corp, Alumni Ventures, SmartSports, Phoenix Capital Ventures, and New lab were among the investors in the round led by DraftKings' venture capital arm, Drive by DraftKings. Hilary Knight, a three-time Olympic ice hockey medalist, is also an investor, as is the NBA, which includes Nextiles in its inaugural Launchpad incubation project earlier this year.
- January 2022 - Pyratex Start-up in Spain raised EUR 600,000 (USD 680,086) in the second round of fundraising, including Asics Corporation's investment arm as one of the investors. Pyratex said the funds would improve its brand and increase customer awareness, focusing on continuing to invest in R&D to extend its line of functional and natural fabrics.
Smart Fabrics for Sports & Fitness Market Leaders
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AiQ Smart Clothing
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Eeonyx Corporation
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Interactive Wear AG
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Koninklijke Ten Cate NV
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Performance Fibers (Indorama)
- *Disclaimer: Major Players sorted in no particular order
