Tonal to Raise $100M at $1.9B Valuation

September 12, 2022

Home gym-maker Tonal is looking to raise $100 million in financing in a deal that would value the company at $1.9 billion, according to Bloomberg.

The potential funding round for Tonal — backed by a star-studded group of investors including Serena Williams, LeBron James, Mike Tyson, Drew Brees, and others — is expected to include existing investors private equity firm L Catterton and investment firm Dragoneer Investment Group. FOS