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XQIAO

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XQIAO is a smart treadmill developer based in China

Huangpu, ChinaFounded 2015Sports

Valuation $100–250M Last recorded · 2018

Total funding $10–50M Disclosed equity funding

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About XQIAO

Qiao Sports, operating in the home fitness equipment market, specializes in the design and manufacturing of smart treadmills under the brand name OVICX. The company targets fitness enthusiasts who prefer to work out at home, offering products that combine advanced technology with user-friendly features. Their treadmills are equipped with smart systems, including mobile app integration, ergonomic design, and high durability standards that exceed European benchmarks. Qiao Sports generates revenue through direct sales of their treadmills, which are marketed for their compact, foldable design and interactive features that enhance the user experience. The business model focuses on providing high-quality, innovative fitness solutions that cater to the growing demand for home exercise equipment.

MoreLess Source: Dealroom company data

At a glance

Status: Operational
Founded: 2015
Headquarters: Huangpu, China
Open positions: None listed
Dealroom signal: 17.0/100
Industry: Sports
Sub-industry: Sporting Equipment
Sector: Sports, Sporting Goods, Developer Tools, Hard Tech
Technology: Hardware
Links: Website

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Funding history

3 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES B✓Equity / VC	Oct 2018	$20M	$81M	Harvest Global Investments	—
SERIES A✓Equity / VC	Jan 2018	—	—	Meridian Capital	—

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Growth signals

XQIAO website traffic

Latest recorded traffic for XQIAO is 3.5K monthly website visits, down 63.5% over the last three months.

Latest monthly visits3.5K 3-month web change-63.5%

Monthly website visitsDec 2018–Oct 2024

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