Tonal Systems was founded in 2015 by Aly Orady. After a $250 million funding round in 2021, Orady told reporters that his priorities include "scaling the business and being able to capture all the demand that we have, and preparing the company for an IPO." He did not go on to specify a timeline.

Tonal Systems is an at-home fitness company whose flagship product is a wall-mounted, all-in-one home gym. The product uses electromagnetic resistance rather than traditional weights, allowing for a compact design. Tonal has raised more than $450 in venture capital funding from investors including Dragoneer, Amazon, Cobalt Capital Partners, L Catterton, and Sapphire Ventures. The company announced a valuation of $1.6 billion following the 2021 funding round.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

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What is Tonal Systems's IPO price?

The IPO price for Tonal Systems will be known only if it becomes public. However, you may access the "Price At Last Round" and the "Implied EV" for publicly traded comparable companies with Forge Data.
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Can you invest in Tonal Systems?

Tonal Systems is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.

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Is Tonal Systems a publicly traded company?

Tonal Systems is a private company and not publicly traded.

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What is Tonal Systems's funding to date?

Tonal Systems has raised $578.4MM to date.
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When was Tonal Systems founded?

Tonal Systems was founded in 2015.

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
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 Last Known Valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation
9/9/2022 Series F and F-1 $100MM raised $XXX.XX $XXX.XX
3/31/2021 Series E and E-1 $316.56MM raised $XXX.XX $XXX.XX
6/30/2020 Series C-2 $74.41MM raised $XXX.XX $XXX.XX
4/4/2019 Series C $45.09MM raised $XXX.XX $XXX.XX
8/31/2018 Series B-2 $9.45MM raised $XXX.XX $XXX.XX
7/31/2018 Series B $20.98MM raised $XXX.XX $XXX.XX
1/31/2017 Series A $10.47MM raised $XXX.XX $XXX.XX
5/22/2015 Series Seed $1.43MM raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: Nov 15, 2023


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