24-year-old’s invention, used by slews of professional athletes, opens capital raise
Press Release – DENVER, CO, June 28, 2017 – 24-year-old entrepreneur Matt Hyder has partnered with WeFunder, the largest regulation crowdfunding portal connecting startups with investors online, for his company’s first capital raise. The crowdfunding service will help connect Hyder to a potential investment of $1.07 million in Recoup Fitness.
“It’s really exciting to give people the chance to join us and become a part of our journey at Recoup Fitness,” said Hyder. “I am confident in our team, our ability to scale and continue to innovate with new products in the pipeline. With the potential investors we will meet through WeFunder, we can be the leading name in injury and sports recovery.”
Hyder turned an $8 prototype into a multi-million-dollar company when he launched Recoup Fitness in 2015. Recoup’s flagship product, the Cold Roller, is a two-in-one recovery/massage tool for relief from bodily aches and paints. Roll the Recoup Cold Roller over sore, achy muscles for concentrated self-myofascial release, toss it in the freezer for up to six hours of cold massage, or combine the two for faster overall recovery. Hyder developed the device, after receiving a basketball injury.
Recoup Fitness is a company designed to help athletes and everyday individuals recover faster from injury, combining the benefits of cold massage therapy and foam rolling to reduce inflammation and aid in post-workout recovery. The cold, steel surface releases metabolic waste products and toxins, while relaxing the muscles. Since its inception, the product has been crucial for top-caliber athletes and trainers, in optimizing the recovery process, while minimizing recovery time.
Wefunder uses a provision in the 2012 JOBS Act which allows unaccredited investors to provide equity for entrepreneurial undertakings. The Recoup Fitness raise begins with an investment as low as $100.00.
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