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New Deal


Announced

Completed

Tonal Systems completed the $110m investment.

Synopsis

L Catterton, Sapphire Sport, Shasta Ventures, Mayfield, Evolution Media, THVC, Delta-v Capital, Amazon Alexa Fund, Mousse Partners and private investors Stephen Curry, Paul George and Michelle Wie invested $110m in Tonal Systems, a producer, designer and distributor of fitness equipment. “As we see more people exercising from home, Tonal’s rapid growth underscores its differentiated approach to providing consumers with a personalized, connected strength training experience. We are excited to reinvest and further extend our partnership with Aly, the Tonal team, and a growing roster of valuable strategic investors to expand the company’s market leadership and AI and technology-driven offerings," Jon Owsley, L Catterton Co-Managing Partner.

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