Tonal seeks buyer or fresh investment at US$500m valuation

February 14, 2023

Tonal, the smart home gym tech startup backed by an array of leading athletes, is reportedly seeking fresh investment or a potential buyer at a valuation of US$500 million – only slightly more than a quarter of what it was said to be worth last year. The company, which manufactures high-end weight training equipment and operates a subscription-based workout and membership programme, was one of several connected fitness firms to experience rapid growth during the pandemic. SP