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Announced

Completed

SoftBank Vision Fund 2 led a $220m Series C round in Tempo.fit.

Financials

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Transaction Value£160m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Venture Capital

Friendly

Completed

Private Equity

Private

Domestic

home fitness

Acquisition

Digital Services

Single Bidder

Synopsis

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SoftBank Vision Fund 2 led a $220m Series C round in Tempo.fit, a home fitness platform, combining equipment, training guidance, and social motivation with 3D sensors and artificial intelligence, with participation from Steadfast Capital Ventures, DCM, General Catalyst, Norwest Venture Partners, and Bling Capital. Tempo will allocate the new funding toward the continued enhancement of its AI and 3D sensor technology to further expand its cutting-edge, real-time form feedback and personal guidance for users.

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