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.
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?
You can seek to sell your shares in Tonal Systems while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.
What is the pre-IPO value of my Tonal Systems shares?
To determine the value of your Tonal Systems shares, create a free account to gain access to Forge’s platform. In addition to the Forge Price, Forge Markets contains pricing information for hundreds of pre-IPO companies such as Last Closed Trade Price. A Private Market Specialist will also be available to assist you with any inquiries related to your Tonal Systems shares. You can also learn more about how to sell your private shares before getting started.
Is Tonal Systems a publicly traded company?
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
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
$189.35B
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
$189.35B
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
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November Private Market Update
