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Announced

Completed

Dragoneer led a $250m Series E round in Tonal.

Financials

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Transaction Value£181m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

Recreational Services

United States

fitness equipment

Completed

Private

Friendly

Minority

Single Bidder

Private Equity

Acquisition

Cross Border

Synopsis

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Dragoneer led a $250m Series E round in Tonal, a strength and personal training platform, with participation from Cobalt Capital, L Catterton and Sapphire Ventures. "Our growth over the last year underscores the changing fitness landscape. People want smarter, more connected ways to work out. With this new capital, we will continue to demonstrate how intelligent fitness will fundamentally change the way people train and maintain their health. We plan to use this funding to further our investments in product and content and scale our operations so that we can get more Tonals to more people faster," Aly Orady, Tonal CEO.

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