Money Makers Mentor

Hydra Studios Inks $3.8 Million in Seed Financing

Hydra Studios, a network of elevated wellness studios, earned $3.8 million in seed financing. The round was led by investors Slow Ventures, Company Ventures, Courtside Ventures, CityRock Venture Partners, Hatzimemos/Libby, and Fifth Wall. The company’s responsible handling of the COVID-19 pandemic was a big draw to investors.

The NYC-based studios are designed and operated with COVID-19 in mind. The company boasts a touchless reservation and check-in system, and the space is disinfected several times per day. Additionally, antimicrobial materials are incorporated into fabrics and surfaces.

New York-based Courtside Ventures helped lead Hydra’s financing. Intrigued by the founders’ initial vision of providing guests with high-quality fitness and wellness spaces, the firm believes th…

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