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BHOUT

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AI-powered boxing bag for gamified fitness experiences.

Lisbon, PortugalFounded 2019Sports
Valuation $50–100M Last recorded · 2023
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About BHOUT

BHOUT is a Portuguese fit-tech company merging the fitness and gaming industries through its AI-powered boxing ecosystem. Officially launched in August 2021 by co-founders Mauro Frota (CEO) and Pedro Pereira, the company began its research and development in 2019 with the goal of tackling high dropout rates in traditional fitness. Frota, with a background in sports science and exercise psychology, and Pereira, an architect, bootstrapped the initial development, culminating in the opening of their first BHOUT Boxing Club in Lisbon. The company's core offering is a multi-channel 'entertrainment' ecosystem comprised of the BHOUT Bag, a proprietary app, and physical fitness clubs. The BHOUT Bag is a smart punching bag that uses a combination of sensors, 3D computer vision, and machine learning to track performance metrics like punch power, accuracy, speed, and technique with over 97% accuracy. Its multi-layered body, which includes a water core and an outer layer made from sustainable cactus leaves, is designed to mimic the feel of sparring with a human partner. The system gamifies workouts by allowing users to compete, follow guided routines, and earn in-app rewards called 'Jab$' through the BHOUT App. BHOUT operates a hybrid business model, targeting both direct-to-consumer (B2C) sales of the smart bag and business-to-business (B2B) channels, including corporate offices, hotels, and a growing network of franchised fitness clubs. The club concept offers 45-minute HIIT sessions that blend boxing, strength training, and meditation, enhanced by synchronized music and lighting. The company has demonstrated significant traction, securing a –10 million seed funding round in late 2023 led by Lince Capital and Explorer Investments to fuel international expansion. BHOUT's technology has received notable industry recognition, including being named a CES 2023 Innovation Awards Honoree and one of Time magazine's best inventions of 2023.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2019
Headquarters
Lisbon, Portugal
Employees
63
Open positions
2
Dealroom signal
66.4/100
Industry
Sports
Sub-industry
Fitness, Sporting Equipment
Sector
Sports, Entertainment, Core AI, Sports Tech, Sensors, Web 3.0, AI Applications
Technology
Artificial Intelligence, Computer Vision, Autonomous & Sensor Tech
Business model
Manufacturing
Client focus
b2c

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VC✓Equity / VC Apr 2025 $0 — Portugal Ventures ↗
EARLY VC✓Equity / VC Nov 2023 $11M $44M Lince Capital · Explorer Investments ↗
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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthProfitMargin
2026
2025
2024
2023
2022
2021 —
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Growth signals

BHOUT website traffic

Latest recorded traffic for BHOUT is 17K monthly website visits, down 10.5% over the last three months. BHOUT's team declined 11.3% over the past year.

Latest monthly visits17K 3-month web change-10.5% 1-year team growth-11.3%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A3 investors entered at this stage

  • Lince Capital
  • Explorer Investments
  • Portugal Ventures

Other known investors1 additional known investor

  • COREangels
Team profiled 8 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 5 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
4 countries with
team presence
🇵🇹 Portugal79.2%
🇬🇧 United Kingdom2.1%
🇪🇸 Spain2.1%
🇺🇸 United States2.1%
4 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about BHOUT on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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