*By Christian Smith* Peloton and Equinox may be racing each other for fitness domination, but the new studio and streaming service NEO U is taking a more collaborative approach, said one of its co-founders; he's inviting major brands to join his effort. "If I was to meet with any of those companies that I just said, I would say, 'Hey, we're not competing against each other. I'm just another revenue stream for you,'" Nate Forster, a co-founder, told Cheddar. "Equinox can be on the platform. Peloton can be on the platform. I'm not trying to take the users from them." NEO U just closed a $4 million round of funding, said Forster, bringing the New York fitness studio's total capital raised to $20 million. The company plans to use that cash to finish and launch its global streaming platform by September. The new service will store content from dozens of trainers and fitness studios; and all of it can be filmed at NEO U's Fifth-Avenue headquarters, Forster said. It's home to three studios ー weight and HIIT training, boxing, and yoga ー with industry-standard camera and lighting equipment, and a live control room. Trainers and studios that partner with NEO U can make money by charging clients for classes in NEO U's physical space and through a revenue share on streamed content. NEO U already has over a dozen trainers shooting content in preparation for the launch of its streaming service, including fitness influencer Nicole Mejia. Though she already has more than [1.3 million](https://www.instagram.com/nicole_mejia/?hl=en) Instagram followers, Mejia, the founder of the popular workout program Fit and Thick, sees NEO U's streaming platform as a way to grow her audience. "I'll be able to kind of access all of my following all over the world really in a way that I'm not currently able to with my physical classes," Mejia told Cheddar. In its first iteration, NEO U's streaming platform will focus primarily on classes, but Forster has bigger ambitions. He said he wants NEO U to become the "Amazon" of health and wellness. "When our platform is done, we're going to have talk shows and nutrition shows and e-commerce," he said. "And it's going to be a place where all these different things can live." For more on this story, [click here](https://cheddar.com/videos/how-one-gym-plans-to-take-over-the-fitness-streaming-industry).

Share:
More In Sports
Under Armour Stomps on Nike's College Football Turf
The College Football Playoff hasn't even kicked off, but Under Armour is already a winner. For the first time since the final four-structured championship began in 2014, a non-Nike brand is sponsoring one of the teams that made the playoffs.
Overwatch Expansion Team Runway and Rastakhan's Rumble Preview - Cheddar Sports 12/3/18
DreamHack Winter 2018 recap and ESL Season 8 Finals preview, Ninja's new mouse partnership with Finalmouse, and Panda wins Tekken World Tour finals. We rate the Overwatch Expansions teams' logos and colors and get cozy at a Hearthstone Fireside event for the release of Rastakhan's Rumble. Featuring Andrew Coonrad of Logitech G on the Logitech G Pro Wireless mouse.
Ahman Green on Bringing His NFL Experience to Esports
For NFL player Ahman Green, 2003 was a year for the record books: He set the Green Bay Packers franchise record for rushing yards and touchdowns, and became the first and only player in NFL history to record at least 1,850 rushing yards, average 5.0 yards per carry, score 20 touchdowns, and catch 50 passes in a single season.
Load More