Hyrox founders buy back control of their company supported by Katzenberg's WNDR

Watch on YouTube ↗  |  September 09, 2026 at 15:43  |  4:52  |  CNBC
Speakers
Christian Toetzke — Co-founder and CEO, Hyrox
Jeffrey Katzenberg — Co-founder, DreamWorks; Founding Partner, WndrCo

Summary

The video covers Hyrox co-founder and CEO Christian Toetzke and WndrCo founding partner Jeffrey Katzenberg discussing the founders' buyback of a controlling stake in Hyrox with support from L Catterton and WndrCo. They explain why Hyrox differs from prior fitness event businesses by tapping the existing gym ecosystem and creating a standardized sport with rankings and repeatable personal-best incentives. The conversation frames Hyrox as a fast-growing participatory entertainment and fitness racing business, though no public trading vehicle is discussed.

  • Hyrox founders regained control via private equity support from L Catterton and WndrCo.
  • Katzenberg views Hyrox as participatory entertainment and fitness racing, not passive sports entertainment.
  • Christian Toetzke contrasts Hyrox with Tough Mudder, emphasizing standardization, rankings, and repeatable performance incentives.
  • Hyrox targets the existing ecosystem of over 300 million gym members globally.
  • The founders say they never intended to sell and remain committed to founder-led growth.
  • No public equity tickers or directly tradable securities are mentioned in this segment.
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