Tonal was founded in 2015 by Aly Orady. Tonal has not officially endorsed a plan to participate in an IPO.
Tonal is an at-home fitness company whose flagship product is a wall-mounted, all-in-one home gym. Per Forge data, Tonal raised $580 million in funding over 7 rounds. Their latest funding was raised on Apr 10, 2023. Key investors include Cobalt Capital, Shasta Ventures, L Catterton, Mayfield Fund, Kindred Ventures, and Dragoneer Investment Group.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
09/09/2022 | Series F-1 | $5MM | $xx.xx | $1.89B | Dragoneer Investment Group, Drew Brees, L Catterton, Lebron James, Mike Tyson, Serena Williams | |
Price per Share
$xx.xx
Shares Outstanding
739,469
Liquidation Pref Order
1
Liquidation Pref As Multiplier
2.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Dragoneer Investment Group, Drew Brees, L Catterton, Lebron James, Mike Tyson, Serena Williams
|
||||||
09/09/2022 | Series F | $95MM | $xx.xx | $1.89B | Dragoneer Investment Group, Drew Brees, L Catterton, Lebron James, Mike Tyson, Serena Williams | |
Price per Share
$xx.xx
Shares Outstanding
14,049,930
Liquidation Pref Order
1
Liquidation Pref As Multiplier
2.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Dragoneer Investment Group, Drew Brees, L Catterton, Lebron James, Mike Tyson, Serena Williams
|
||||||
03/31/2021 | Series E-1 | $21.25MM | $xx.xx | $1.6B | Cobalt Capital, Dragoneer, Lcatterton, Sapphire Ventures | |
Price per Share
$xx.xx
Shares Outstanding
3,425,587
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Cobalt Capital, Dragoneer, Lcatterton, Sapphire Ventures
|
||||||
03/31/2021 | Series E | $295.31MM | $xx.xx | $1.6B | Cobalt Capital, Dragoneer, Lcatterton, Sapphire Ventures | |
Price per Share
$xx.xx
Shares Outstanding
47,605,884
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Cobalt Capital, Dragoneer, Lcatterton, Sapphire Ventures
|
||||||
06/30/2020 | Series C-2 | $74.41MM | $xx.xx | $291.63MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
46,941,532
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
04/04/2019 | Series C | $45.09MM | $xx.xx | $184.05MM | Evolution Media, L Catterton, Mayfield, Sapphire Ventures, Serena Ventures, Shasta Ventures | |
Price per Share
$xx.xx
Shares Outstanding
28,444,567
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Evolution Media, L Catterton, Mayfield, Sapphire Ventures, Serena Ventures, Shasta Ventures
|
||||||
08/31/2018 | Series B-2 | $9.45MM | $xx.xx | $84.08MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
8,432,670
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
07/31/2018 | Series B | $20.98MM | $xx.xx | $58.66MM | Sapphire Ventures | |
Price per Share
$xx.xx
Shares Outstanding
22,463,855
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Sapphire Ventures
|
||||||
01/31/2017 | Series A | $10.47MM | $xx.xx | $26.01MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
16,882,370
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
05/22/2015 | Series Seed | $1.43MM | $xx.xx | $8.43MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
4,085,922
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|