Bathhouse Secures $35 Million Funding From Imaginary Ventures And Investors For Expansion

Bathhouse has raised $35 million in funding from Imaginary Ventures and other investors, amid its plans to expand its wellness concept. The funding round involved participation from 28 investors, including Klay Thompson, Marcus Smart, and DK Metcalf, as the company navigates competition in New York’s sauna market.

Summary of transaction details:

• Deal Type: Funding
• Transaction Amount: $35,000,000
• Founders: Jason Goodman & Travis Talmadge
• Headquarters: New York City
• Notable Investors: Imaginary Ventures, Klay Thompson, Marcus Smart & DK Metcalf

Founded in 2019 in Williamsburg, Brooklyn, Bathhouse was established by real estate investor Travis Talmadge and hospitality operator Jason Goodman. The brand has become notable in the upscale bathhouse segment and is positioning itself for growth into markets such as Los Angeles, Chicago, and Nashville.