The much-anticipated market debut was reportedly marred as some of Britain’s biggest investment companies shunned the listing, citing concerns about gig-economy working conditions and the share structure.
Connected personal training platform Tonal is back with a $250 million Series E round of funding, which values the company at $1.6 billion. The new round comes six months after the San Francisco company announced a $110 million Series D round led by L Catterton.
This time, Dragoneer led the round and was joined by Cobalt Capital, L Catterton and Sapphire Ventures, as well as a group of new athlete investors, including Drew Brees, Larry Fitzgerald, Maria Sharapova, Mike Tyson and Sue Bird. The new funding brings Tonal’s total funding to more than $450 million since the company was founded in 2015, according to Crunchbase data.
The global health and wellness market was valued at $3.31 billion in 2020 and is expected to reach $4.24 billion by 2026. This demand resulted in...
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