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.

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Learn More About Tonal Systems

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Can you invest in Tonal Systems pre-IPO?

Tonal Systems is a privately held company and is not publicly traded, therefore investing in Tonal Systems pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can learn more about Forge’s Secondary Marketplace and how to invest in private companies before their potential IPO. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.

Can you sell shares of Tonal Systems before it goes public?

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Is Tonal Systems a publicly traded company?

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To learn more about Tonal Systems potential IPO

Will Tonal Systems go IPO?

Tonal Systems has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

What is Tonal Systems’ IPO price?

The Tonal Systems IPO price does not exist at this time, as Tonal Systems is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Tonal Systems register for Forge Markets, today.

When was Tonal Systems founded?

Tonal Systems was founded in 2015.

What is Tonal Systems funding to date?

Tonal Systems has raised $578.4MM to date.

Who are Tonal Systems’s major investors?

Sapphire Ventures
Dragoneer Investment Group
Mayfield Fund
Valor Equity Partners
Shasta Ventures
L Catterton
Industry Ventures
Skip Capital
TechNexus Venture Collaborative
Evolution Media Capital
M13
Cobalt Capital
Plus Capital
Kindred Ventures
Delta-v Capital
10X Capital
Next Play Capital
Transform VC
New Ground Ventures
Serena Ventures
Work Life Ventures
Reform Ventures
Firebolt Ventures
Makai VC
Team Builder Ventures

Tonal Systems Funding Rounds and Valuation

Funding History Chart
Funding Round Details
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
Updated on: Dec 26, 2024

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