Tonal, a San Francisco, CA-based provider of a fitness platform, raised $130M in funding.
The round was led by L Catterton, Cobalt, Dragoneer, Kindred Ventures and THVC.
The company intends to use the funds to further strengthen its balance sheet, accelerate profitability, and drive growth.
Tonal offers a smart home gym which provides people with the equipment, technology and guidance to achieve their fitness goals. A full-body strength assessment automatically sets the optimal weight for each movement, and the adaptive digital weight adjusts in real-time for the most personalized workout that helps members achieve measurable results. Tonal offers over three thousand coach-led, on-demand, and live workouts in a number of fitness categories including strength training, cardio, yoga, HIIT, mobility, Pilates, and barre.
Krystal Zell will now assume the position of Chief Executive Officer (CEO) of Tonal, succeeding the Company’s founder, Aly Orady, who will transition to the new role of Chief Technology Officer. Zell joined Tonal in July 2022 as President of the Company, bringing with her more than 20 years of experience driving customer-centered growth at leading companies within the retail and hospitality industries, including The Home Depot and Starwood Hotels & Resorts Worldwide, Inc.
FinSMEs
11/04/2023