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

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

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Summary

Transaction Type:Sale

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.

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Details

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IMAGE: has raised $35 million in funding from Imaginary Ventures and other investors, according to recent filings, as it seeks to expand its wellness concept amid intensifying competition in New York’s so-called “sauna wars.” The round included participation from 28 investors, among them members of Plus Capital’s collective such as Klay Thompson, Marcus Smart, and DK Metcalf. Founded in 2019 in Williamsburg, Brooklyn by real estate investor Travis Talmadge and hospitality operator Jason Goodman, Bathhouse has grown into a popular upscale bathhouse brand with additional backing to support its planned expansion into new U.S. markets, including Los Angeles, Chicago, and Nashville. FOUNDERS: Jason Goodman & Travis Talmadge INVESTORS: Imaginary Ventures, Klay Thompson, Marcus Smart & DK Metcalf AMOUNT: $35,000,000 HQ: New York City

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