Next-generation wearable that helps runners improve their technique to run faster and safer.
- Eindhoven, Netherlands
Categories: Travel, Leisure & Sport Mixed Digital/Non-Digital Mixed B2B/B2C
ARION is a next-generation AI wearable that helps runners improve their technique to run faster, longer and safer.
Ultra-thin pressure-sensitive insoles slip unnoticed into almost any running shoe, and transforms it into a running lab.
ARION’s AI coach analyses technique and identifies strengths, weaknesses, and injury risks. Easy to understand real-time feedback guides runners to improve their technique, which can help optimise performance and reduce risk of injury.
This is a pre-emption round open to existing shareholders. Limited information is being provided at this time. Any additional information provided directly by the business to investors has not been reviewed or verified by Seedrs.
Please note that this round is at a reduced valuation to their previous investment round.
Please note, ARION has 3 share classes; Preference A shares, Preference B shares, and Ordinary shares. The lead investor in this round is being issued Preference B shares, and all Seedrs investors in this round will be receiving Ordinary shares.
The rights attached to the share classes are as follows:
Preference B Shares
- A 1x participating preference on liquidation and exit: which means B shareholders will first receive their initial investment amount before A shareholders and Ordinary shareholders.
- Anti-dilution rights: right to be issued additional shares at nominal value in event of a down-round issuance of Preference A or B shares.
Preference A shares:
- Non participating liquidation preference: which is equal to the amount paid for the preference shares plus 6% per annum, which accrues if not paid out.
- Anti-dilution rights: right to be issued additional shares at nominal value in event of a down-round. Please note, these shareholders are waiving their anti-dilution rights in this round.