What is Let's Do This?
Founded in 2016 and headquartered in London, England, Let's Do This operates as a comprehensive marketplace for endurance events. The platform connects athletes with a wide array of running, cycling, and triathlon events globally, simplifying the discovery and booking process. By aggregating event listings and providing a seamless user experience, Let's Do This aims to be the go-to resource for amateur and professional endurance athletes looking to participate in races and challenges worldwide. The company's focus on a niche but passionate market segment positions it for sustained growth in the booming health and wellness industry.
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 Serena Williams, Shasta Ventures, Andy Philips, Index Ventures, Paula Radcliffe, Y Combinator, FJ Labs, Paul Buchheit, Tim Thackrah, Yuri Sagalov, Simon Nixon, Usain Bolt, and Pete Flint
Series A (2020): $15M led by Pete Flint, EQT, Y Combinator, Usain Bolt, and Serena Williams
Series B (2022): $60M supported by EQT, Y Combinator, Morpheus, Headline, The NFX, and Craft Ventures
Key Investors in Let's Do This
EQT
EQT is a premier, vertically integrated American natural gas company. While their primary focus is energy, their participation suggests a broad investment strategy or a specific interest in scaling technology platforms.
Craft Ventures
Craft Ventures is a venture firm focused on building great companies, particularly in the B2B technology sector, comprised of former founders and operators who provide valuable insights and access to senior talent for early-stage companies.
Y Combinator
Y Combinator is a renowned startup accelerator that provides seed funding and mentorship to early-stage companies, helping them scale and achieve significant growth.
What's next for Let's Do This?
The recent major strategic investment signals a new phase of growth for Let's Do This. With substantial backing, the company is poised to enhance its platform capabilities, expand its event inventory, and potentially explore new geographical markets. Strategic partnerships and technological advancements are likely to be key priorities, enabling Let's Do This to solidify its leadership in the endurance event marketplace. The company's ability to attract high-caliber investors, including EQT and Craft Ventures, indicates strong confidence in its business model and future prospects, suggesting a continued focus on scaling operations and user acquisition.
See full Let's Do This company page
