Expond
Overview
Expond is a company founded in 2021 that operates an online platform providing on-demand wellness and adventure experiences. Based in Santa Barbara, California, it offers services such as personal training, yoga, hiking, and meditation. Jason Baker, the founder and CEO, established the company after recognizing the demand for connecting with health professionals. Expond has raised a total of $1.75 million in funding which includes a seed round in 2024.
Recent Developments
- September 2024: Expond expanded its operations across Santa Barbara County, significantly broadening its market reach. With a focus on post-pandemic trends, the company tapped into increased consumer demand for in-person experiences over material goods.
- July 2024: The company raised $500,000 in a seed funding round to enhance its service offerings and expand its reach in the wellness market.
- Early 2024: Expond started offering corporate wellness solutions, partnering with top hotels and resorts. This strategic move positioned the company as a key player in the corporate wellness industry, delivering on-site health services directly to employees of partnered corporations.
- Late 2023: The company introduced new wellness experiences including sound healing and guided meditation sessions on the beaches of Santa Barbara. This addition helped Expond distinguish itself with unique, location-based offerings.
- Early 2023: Expond's wellness services became integrated into daily routines at luxury resorts like The Ritz-Carlton and Rosewood Miramar, further solidifying their presence in the high-end hospitality sector.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2021 |
| Headquarters | Santa Barbara, California, USA |
| Founders | Jason Baker |
| Revenue | N/A |
| Profits | N/A |
| Key Investors | Undisclosed |
| Industry | Wellness and Fitness Services |
| Number of Employees | Approximately 9 |
| Major Products/Services | On-demand wellness experiences |
Early History
Expond was born out of Fitness 805, a venture by Jason Baker who first recognized the local demand for reliable wellness services in Santa Barbara. Starting in 2006, Fitness 805 served as a bridge between clients and health professionals, a concept that led to the creation of Expond in 2021. The new entity capitalized on the insights gained over years in the fitness industry, focusing on more innovative service delivery through an online platform. This shift allowed the company to tap into a broader market of residents and tourists seeking experiential wellness services tailored to individual or group needs.
Company Profile and Achievements
Expond operates with a simple business model that involves connecting experienced health professionals with consumers seeking wellness activities through a dedicated online platform. Key achievements include:
- 2023: Expanding their service offerings to include unique experiences like sound healing and guided hiking, thus diversifying their portfolio.
- 2024: Successful funding rounds that secured a total of $1.75 million, underscoring investor confidence in the company's growth potential.
- Partnerships with luxury hotels expanded their footprint in the hospitality sector, proving essential in capturing high-end clientele.
- Launched corporate wellness programs, effectively entering the B2B space to improve workplace well-being and performance.
Current Operations and Market Position
Currently, Expond commands a solid position in the wellness industry in Santa Barbara by delivering a variety of experiences including yoga, personal training, and outdoor activities like hiking. It leverages strategic partnerships with local hotels to increase its service accessibility. The company prides itself on a customer-centric model, utilizing vetted professionals to ensure quality and satisfaction. The focus on high-touch, personalized services allows Expond to maintain a competitive edge in a market that values customization and direct engagement.
Conclusion
Expond has proven to be a significant player in the wellness sector, particularly within Santa Barbara's luxury market. Its innovative model, solidified by strategic partnerships and comprehensive services, sets it apart from competitors. Looking ahead, Expond is well-positioned to expand its influence, possibly attracting more investment and partnerships. Its adaptability to market trends and commitment to high-quality service delivery positions it for sustainable growth and continued impact in the wellness industry.