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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 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.
If you own Tonal Systems pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.
Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.
Tonal Systems is a private company and not publicly traded.
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.
| 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 |
