Hydrow, a related indoor rowing system startup, said it had multiplied its Series A today, taking the round’s overall to $27 million.
Hydrow began selling its product, which stocks the same call as the business enterprise, remaining fall. L Catterton initially led the first tranche of Series A in February, when Hydrow raised $20 million, in step with its Crunchbase profile. It has now raised some other $7 million from investors, including Rx3 Ventures, which became co-based via Green Bay Packers quarterback Aaron Rodgers; Wheelhouse; The Raptor Group, and The Yard Ventures.
In a press release, Hydro said it plans to apply the brand new capital to “in addition fuel” its increase because it begins delivering connected indoor rowing machines nationally.
In a press launch, Nate Raabe, dealing with an accomplice at Rx3 Ventures, stated his firm became inspired by Hydrow’s “capability to connect humans and supply an advanced, low-impact exercise.”
The global digital health marketplace will be worth $27 billion by 2022. Indeed, we’ve written approximately some of the virtual fitness startups that have raised task budgets as of late. This morning, we posted a story about how Glofox, which sells software to boutique health studios, lately picked up a $10 million Series A.
Last month, we mentioned how Tonal raised $45 million in a Series C spherical led by L Catterton’s boom fund. Evolution Media/CAA, Shasta Ventures, Mayfield, Sapphire Ventures, expert tennis participant Serena Williams’ Serena Ventures, and other investors participated in the financing.
In December, our Savannah Dowling wrote about the most funded fitness startups helping human beings damage sweat. According to CrunchBase, the ten most funded U.S. Startups in fitness had raised more than $1.6 billion. The first startup on the list, spin bike, and treadmill developer Peloton raised a $550 million Series F in early August 2018, bringing its generally recognized funding to more than $994 million and its valuation to $4 billion, post-cash.
The funding is also an instance of how expert athletes increasingly invest in startups. For example, in February, digital sports activities media startup Overtime raised $23 million in a Series B spherical of investment-led using Spark Capital that still protected participation from NBA players.
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