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.
Tonal Systems does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
The stock price for Tonal Systems will be known as it becomes public. Here are similar public companies: Amazon (NAS: AMZN), Walmart (NYS: WMT), Nike (NYS: NKE), Apple (NAS: AAPL), Facebook (NAS: META).
Date | Funding Round | Funding Raised | Price per Share | IPO 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 |
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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Tonal Systems is a private company and not publicly traded.
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