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Fliteboard

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Allows to glide, carve and soar above any body of water without noise, emissions or wake for up to 40km per charge

Byron Bay, AustraliaFounded 2016Sports
Valuation $100–250M Last recorded · 2022
Revenue $10–50M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Fliteboard

Fliteboard, established in 2016, is a prominent Australian company in the electric hydrofoil (eFoil) market, enabling riders to experience the sensation of flying over water. The company’s genesis came from a 'lightbulb moment' experienced by its founder, David Trewern, a former kite-surfing world record holder and serial entrepreneur. A passionate water sports enthusiast, Trewern was at a kitefoiling event on a windless day and imagined attaching an electric motor to his foil. This idea transformed from a sketch into a passion project, with his home turning into a workshop filled with 3D printers and prototypes, culminating in the first successful ride. Before Fliteboard, Trewern had a distinguished career, founding a successful digital agency, DT (now AKQA Australia & NZ), at age 23 and co-founding other design and tech companies. His background in design and technology, combined with his love for the ocean, provided the foundation for Fliteboard.

The company's business model revolves around the direct sale of its premium electric hydrofoils and a comprehensive ecosystem of accessories. Revenue is also generated through a global network of over 330 authorized partners and resellers, as well as more than 140 'Fliteschools' that offer lessons and experiences, creating new revenue streams and building a community around the sport. Fliteboard targets a diverse clientele, from water sports enthusiasts to the luxury yacht market, where its products have become a popular accessory. After initially envisioning a product for everyone, Trewern recognized the high costs of materials and safety, pivoting to target the premium market, comparing the Fliteboard to the 'Tesla of the ocean'. In September 2023, Fliteboard was acquired by Brunswick Corporation, a major player in the marine industry, and now operates as a business within Mercury Marine, providing significant resources for global expansion.

Fliteboard's product line offers a range of boards catering to different skill levels, from the inflatable Fliteboard AIR for beginners to the high-performance, carbon fiber ULTRA L, the world's lightest performance eFoil. A key differentiator is the company's patented technology. This includes the 'Flitebox' system, a sealed, plug-and-play onboard computer that also acts as a heat sink, eliminating the need for water cooling tubes. Another core innovation is the unibody fuselage, where the motor and mast are machined from a single piece of aluminum, enhancing stability, strength, and efficiency. The boards are powered by high-performance Flitecell batteries, which use premium cells similar to those in electric hypercars, and are controlled by an ergonomic, handheld Flite Controller featuring a 'Virtual Gears' system for intuitive speed management. The system also integrates GPS, allowing riders to track their performance via the Flite App.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2016
Headquarters
Byron Bay, Australia
Employees
99
Open positions
2
Dealroom signal
79.3/100
Industry
Sports
Sub-industry
Sporting Equipment
Sector
Sports, Hard Tech
Technology
Hardware
Business model
Manufacturing
Client focus
b2c

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Sep 2023 $0 — Brunswick ↗
SERIES B✓Equity / VC Jun 2022 $30M $120M Josh Liberman · Victor Smorgon Partners · Adam Scott · Anthony Eisen ↗
Showing the latest 2 of 2 recorded eventsBook a demo for the full funding history →

Financials

Revenue over time

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

YearRevenueGrowth
2026
2025
2024
2023
2022 —
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Growth signals

Fliteboard website traffic

Latest recorded traffic for Fliteboard is 83K monthly website visits, up 2.5% over the last three months. Fliteboard's team grew 10% over the past year.

Latest monthly visits83K 3-month web change+2.5% 1-year team growth+10%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

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

5 investors on the cap table

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

Series A4 investors entered at this stage

  • Josh Liberman
  • Victor Smorgon Partners
  • Adam Scott
  • Anthony Eisen

Other known investors1 additional known investor

  • Brunswick
Team profiled 8 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 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
8 countries with
team presence
🇦🇺 Australia54.4%
🇺🇸 United States20.3%
🇳🇱 Netherlands16.5%
🇫🇷 France2.5%
🇳🇿 New Zealand2.5%
Top 5 of 8 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Fliteboard 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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