Tag: Strength

Tonal Announces $110M in New Capital, Building on its Leadership in Connected Strength Training

SAN FRANCISCO–(BUSINESS WIRE)–Tonal, the world’s most advanced strength and personal training platform that combines proprietary digital weight, artificial intelligence, and expert-led coaching, today announced $110M in new capital, further establishing itself as the clear leader in connected strength training.

This round is funded by leading growth-stage investors, including the Growth Fund of returning investor L Catterton, the largest and most global consumer-focused private equity firm, as well as returning investors Sapphire Sport, Shasta Ventures, Mayfield, Evolution Media, and THVC. New investors include Delta-v Capital, the Amazon Alexa Fund, and Mousse Partners. Additional strategic investors include Stephen Curry of the Golden State Warriors, Paul George of the Los Angeles Clippers, and professional golfer Michelle Wie.

This capital will allow Tonal to accelerate marketing initiatives and scale its supply chain and logistics to more quickly meet its unprecedented demand, while also rolling out new software-driven product innovations and a wider

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Tonal, the Peloton for strength training, isn’t worried about Apple’s fitness play

Tonal — a startup sometimes referred to as the Peloton of at-home strength training — has raised a fresh $110 million of funding to boost its expansion in the crowded home fitness space. And before you ask: Its CEO isn’t worried competition from Apple’s newly announced fitness service.



a woman standing in a room


© Tonal


Tonal, whose product mounts to the wall like a flat screen television and uses “digital weights” where the resistance is personalized, announced Thursday new financing for marketing initiatives and scaling its supply chain and logistics to meet demand. With the new funding, the company has raised $200 million to date and said its current valuation is more than $500 million.

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Investors in the round include L Catterton, a private equity firm which has backed a range of consumer startups, as well as the Amazon’s Alexa Fund and several athletes, including Stephen Curry of the Golden State Warriors.

The

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Over the Top (OTT) Services Market Strength, Major Type, Key Application And Leading Companies Forecast Till 2026 | Fortune Business Insights

The MarketWatch News Department was not involved in the creation of this content.

Sep 08, 2020 (The Expresswire) —
A recent report on the over-the-top services market by Fortune Business Insights says 57% of people around the worldwide are smartphone users in the year 2017 and this is anticipated to rise robustly in the coming years. The increasing production of in-house web series is boosting the global over-the-top services market, says Fortune Business Insights in their new report. The report is titled, “Over-The-Top (OTT) Services”Market Size, Share and Global Trend by Business Model (Premium and Subscriptions, Adware, E-commerce), By Application (Communication, Cloud Services, E-Services, Web Content), By End-Use (Personal, Commercial), and Geography Forecast till 2026.”

Request a Sample Copy of the Global Market Research Report:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/Over The Top-services-market-100506

Key Market Driver

  • An increasing number of smart connected devices and growing popularity of online platforms.
  • Adoption of the Internet of Things
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