What is Let's Do This?
Founded in 2016 and based in London, England, Let's Do This operates as a comprehensive marketplace for endurance events. The platform aims to simplify the discovery and booking process for participants looking to engage in activities such as marathons, triathlons, and cycling races. By aggregating a wide array of events, Let's Do This serves as a crucial intermediary, connecting event organizers with a global community of endurance athletes. The company's focus on the burgeoning health and wellness sector, coupled with its digital-first approach, positions it as a key player in the event technology space.
How much funding has Let's Do This raised?
Let's Do This has raised a total of $80M across 3 funding rounds:
Angel/Seed
$5M
Series A
$15M
Series B
$60M
Angel/Seed (2019): $5M with participation from Andy Philips, Index Ventures, Y Combinator, Shasta Ventures, Paul Buchheit, Tim Thackrah, Pete Flint, Serena Williams, Yuri Sagalov, FJ Labs, Paula Radcliffe, Simon Nixon, and Usain Bolt
Series A (2020): $15M led by Usain Bolt, Serena Williams, Pete Flint, EQT, and Y Combinator
Series B (2022): $60M supported by Craft Ventures, The NFX, Morpheus, Headline, EQT, and Y Combinator
Key Investors in Let's Do This
Index Ventures
Index Ventures is a venture firm investing in the next generation of entrepreneurs from seed to IPO. They partner with founders with bold dreams that challenge the status quo to build enduring companies.
Y Combinator
Established in 2005 and located in Mountain View, California, Y Combinator provides seed funding for startup businesses and to gauge investors for businesses.
FJ Labs
FJ Labs specializes in angel investing at a venture scale, focusing on marketplaces and network effect businesses. They have invested in notable companies such as Alibaba, Coupang, and Rappi, building the world's largest portfolio of marketplace startups.
What's next for Let's Do This?
The recent major strategic investment signals a new phase of expansion for Let's Do This. With substantial capital now available, the company is poised to enhance its platform capabilities, broaden its event listings, and potentially explore new geographical markets. This funding will likely fuel aggressive marketing campaigns to capture a larger share of the endurance event market and solidify its competitive advantage. Strategic partnerships and technological advancements are anticipated as the company aims to further streamline the user experience and operational efficiency for both athletes and organizers. The sustained backing from investors suggests a clear path towards scaling operations and achieving long-term profitability.
See full Let's Do This company page
