Tonal Raises $250M in Funding at $1.6B Valuation

01 Apr, 2021

Tonal Raises $250M in Funding at $1.6B Valuation
Photo by Henry Desro on Unsplash

– Tonal, the most advanced strength and personal training platform, today announced $250m in new funding, valuing the business at $1.6b.
– This brings Tonal’s total funding to over $450m, as it continues to usher in a new era of intelligent fitness and further establishes itself as the clear leader in connected strength training.
– The oversubscribed Series E round is led by Dragoneer, a growth-oriented investment firm with a long track record of successfully identifying category and industry leaders, with participation by Cobalt Capital, new athlete investors, and existing investors including L Catterton and Sapphire Ventures.
– This capital will allow Tonal to further accelerate marketing and content initiatives, while scaling the business and operations by investing in people, logistics, and manufacturing, to more quickly meet its unprecedented demand.

Artificial Intelligence Consumer Electronics Fitness Machine Learning North America Personal Health
Crunchbase icon

Content report

The following text will be sent to our editors: