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- NOBULL
NOBULL Valuation, Funding & Investors
NOBULL is valued at $1B as of August 2026.
Last NOBULL valuation
$1B
Undisclosed stage · Aug 2026
Last NOBULL funding round
Undisclosed stage
Amount undisclosed · Aug 2026
Cumulative funding NOBULL raised
$152M
across 5 funding rounds
Key investors in NOBULL
Rashaun Williams
Dynasty Financial Partners
About NOBULL
NOBULL is a Boston-headquartered maker of athletic footwear and apparel for strength training and outdoor pursuits. Its trainer shoes feature SuperFabric uppers and carbon rubber outsoles suited for CrossFit workouts and marathons. Launched in 2014, the brand supplies products to gyms and events like the CrossFit Games.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$1B (Aug 2026)
Sectors
NOBULL Valuation
NOBULL is currently valued at $1B, based on its undisclosed-stage round in August 2026.
The round was led by Dynasty Financial Partners.
NOBULL's valuation has moved from $1B at its undisclosed-stage round in January 2026 to $1B in August 2026, across 2 priced rounds.
NOBULL valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2026 | Undisclosed stage | $1B |
| Jan 2026 | Undisclosed stage | $1B |
NOBULL Funding History
NOBULL has raised a total of $152M across 5 funding rounds.
NOBULL's first fundraising round was a $5M seed round in November 2019. The most recent completed round was a undisclosed-stage round in August 2026.
NOBULL funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2026 | Undisclosed stage | Dynasty Financial Partners (lead) | - | $1B | Dynasty Financial Partners completed a co-investment in NOBULL at a $1 billion valuation in August 2026, acquiring roughly 3% of the footwear and training brand through a special purpose vehicle alongside Driven Capital, the family office of Mike Repole. The transaction came as Dynasty said it had closed more than $200 million across private markets funds over the prior nine months, including its Dynasty Growth Equity & Coinvest I fund, which closed at $110 million. The investment fits Dynasty’s push further into private markets and adds exposure to a brand with major sports and consumer recognition, co-owned by Mike Repole and Tom Brady. The deal was structured as a co-investment rather than a control acquisition, aligning Dynasty with another sponsor while taking a minority stake. NOBULL is a footwear and athletic apparel company focused on training and performance products, backed by high-profile owners and previously reported at a $1 billion valuation. The company operates in the athletic brand sector and is positioned around performance apparel and sneakers, with Dynasty describing the asset as part of its broader private markets strategy. |
| Jan 2026 | Undisclosed stage | - | $50M | $1B | NoBull is a performance apparel brand that pivoted from a niche CrossFit outfitter toward mainstream wellness positioning. In July 2023, beverage entrepreneur Mike Repole acquired a majority stake in the struggling company, which had undergone significant restructuring including a 35% staff reduction in early 2023. In January 2024, six months after Repole's acquisition, NoBull merged with Tom Brady's TB12 and Brady Brand, making Brady a co-owner alongside Repole. The company raised $50 million in funding at a $1 billion post-money valuation announced in February 2026, marking the first major financing round since Repole's acquisition. As part of this strategic expansion, NoBull launched a nutrition division starting with protein and electrolytes, while TB12 wound down its independent operations. The company aggressively expanded its athlete and influencer partnerships, signing social media personality Livvy Dunne and New York Islanders player Matthew Schaefer as endorsers to capture younger demographics and broaden the brand's lifestyle positioning beyond traditional athletic wear. |
| Oct 2023 | Undisclosed stage | - | $70M | - | NOBULL is an athletic apparel and footwear brand originally tied to CrossFit, which faced challenges including staff reductions in early 2023 before majority acquisition by Mike Repole. Repole, known for selling Vitaminwater and BodyArmor to Coca-Cola, absorbed Tom Brady's TB12 brand into NOBULL in 2023, positioning it as a comprehensive wellness company expanding into nutrition with products like grass-fed protein and electrolyte powders. The company has secured partnerships such as the NFL Combine, NHL, and endorsements from figures like Robin Arzón and Livvy Dunne to broaden beyond niche fitness. A $70 million funding round occurred in 2023 at a high valuation following Repole's acquisition; revenue was reported at $58.7 million in 2021, with later projections indicating stagnation and below 0% growth expected for 2025. A separate $50 million round in early 2026 achieved a $1 billion valuation, marking the first major financing since 2023 and funding the nutrition pivot while winding down TB12 operations. NOBULL aims to challenge giants like Nike, Hoka, and On by targeting mainstream wellness across apparel, footwear, and supplements, leveraging Repole's beverage expertise and Brady's involvement. |
| Jan 2021 | Undisclosed stage | Rashaun Williams | $27M | - | NOBULL is a performance fitness apparel and footwear brand founded in 2015, targeting high-intensity training enthusiasts with minimalist, durable products positioned against traditional gym wear giants like Nike and Under Armour. The company gained traction through partnerships with CrossFit athletes and celebrities, emphasizing functionality over fashion. In January 2021, NOBULL reportedly raised approximately $27 million in a funding round with participation from Rashaun Williams, a music executive and investor. This round came amid NOBULL's growth phase post-2018 acquisition of certain CrossFit sponsorship rights, boosting brand visibility. The fitness apparel market was competitive, with direct-to-consumer brands like Gymshark and Alphalete challenging incumbents via social media marketing. Following 2021, NOBULL continued expanding retail presence and product lines, including shoes, apparel, and accessories, but shifted focus toward private equity in later years rather than additional VC rounds. |
| Nov 2019 | Seed | - | $5M | - | - |
Who has invested in NOBULL?
2 investors have backed NOBULL across its funding rounds, including Rashaun Williams and Dynasty Financial Partners.
Lead investors include Dynasty Financial Partners.
NOBULL Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialNOBULL Competitors
NOBULL competitors include listed companies like MIPS, Harvia, Giant Manufacturing Co. and Fusheng Precision, and private ones like Gymshark and Positec.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $54M | $18M | $1B | 13.3x | ||
| Publicly listed | $229M | $50M | $933M | 3.9x | ||
| Publicly listed | $1.9B | $133M | $1.1B | 0.6x | ||
| Publicly listed | $935M | $168M | $1.2B | 1.1x | ||
| Private | $343M | - | $1.3B | 3.9x | ||
| Private | - | - | $2B | - |
NOBULL Public Comps
NOBULL is still privately-owned, but its public comps include MIPS, Harvia, Giant Manufacturing Co., Genda, Fusheng Precision, Johnson Health Tech, Winnebago Industries, Shua Fitness, Dometic Group and Yonex.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $54M | $18M | 19.0x | 13.3x | 58.4x | 32.2x | |||
| $229M | $50M | 4.4x | 3.9x | 20.2x | 16.5x | |||
| $1.9B | $133M | 0.6x | 0.6x | 8.1x | 7.5x | |||
| $1.1B | $133M | 1.2x | 1.0x | 9.6x | 7.2x | |||
| $935M | $168M | 1.1x | 1.1x | 6.3x | 5.7x | |||
| $1.7B | $176M | 1.0x | 1.0x | 9.5x | 10.1x | |||
| $2.8B | $117M | 0.4x | 0.4x | 10.1x | 9.3x | |||
| $234M | $26M | 3.1x | 2.8x | 27.9x | 21.1x | |||
This data is available for Pro users. Sign up to see all NOBULL competitors and their valuation data. Start Free Trial | ||||||||
Common questions about NOBULL
| When was NOBULL founded? | NOBULL was founded in 2014. |
| Where is NOBULL headquartered? | NOBULL is headquartered in Boston, MA, United States. |
| Is NOBULL publicly listed? | No, NOBULL is a private, VC-backed company. |
| What is NOBULL's valuation? | NOBULL was last valued at $1B in its undisclosed-stage round in August 2026. |
| How much funding has NOBULL raised? | NOBULL has raised $152M across 5 funding rounds. |
| What was NOBULL's last funding round? | NOBULL's last funding round was a undisclosed-stage round in August 2026, led by Dynasty Financial Partners. |
| Who are NOBULL's investors? | NOBULL's investors include Rashaun Williams and Dynasty Financial Partners. |
| Which companies are comparable to NOBULL? | Companies comparable to NOBULL include MIPS, Harvia, Giant Manufacturing Co., Fusheng Precision, Gymshark and Positec. |
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