Hydrow, a Boston, MA-based at-home connected rower provider, raised $55M in Series D funding.
The round was led by Constitution Capital with participation from L Catterton and RX3 Ventures, Liberty Street, Activant Capital and Sandbridge Capital.
The company intends to use the funds to continue to invest in product innovation, facilitate global expansion, accelerate brand awareness and scale operations needed to meet consumer demand.
Led by CEO Bruce Smith, Hydrow provides an at-home connected rower that leverages innovative technology to bring the on-water, outdoor experience of rowing to home. Engineered by rowing experts, Hydrow recreates the feeling of rowing directly on the water via an algorithm-based, patented electromagnetic and computer-controlled drag mechanism.
The company currently offers nearly 4,000 live and on-demand workouts led by world-class athletes, including Olympians and Paralympians, with locales including London, Lucerne, Miami, Los Angeles, Boston and more.
Over this past year, the company has experienced revenue and community growth and also expanded its offering for members, releasing workouts from new locations across the US and Europe, and all-new workout formats, including coastal rowing.