Tonal Names New CEO, Raises $130 Million in Funding
April 11, 2023
Tonal, San Francisco, named a new CEO and completed a funding round that raised $130 million in new capital, the company announced on April 10.
The funding came through existing investors, led by L Catterton, Cobalt, Dragoneer, Kindred Ventures and THVC. It is part of a broader recapitalization strategy to strengthen the company’s balance sheet, accelerate profitability and drive growth. Club Industry
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