Hydro, a related indoor rowing device startup, said these days it has expanded its Series A, taking the spherical’s total to $27 million. Hydro started out selling its product, which stocks the same name because of the organization, final fall. L Catterton, to begin with, led the primary tranche of the Series A in February, at which era Hydrow raised $20 million, in step with its CrunchBase profile. It has now raised any other $7 million from investors such as Rx3 Ventures, which turned into co-based through Green Bay Packers quarterback Aaron.
Rodgers; Wheelhouse; The Raptor Group and The Yard Ventures.
In a press launch, Hydrow stated it plans to apply the new capital to “further gasoline” its boom as it starts offevolved shipping its connected indoor rowing machines nationwide. In a press launch, Nate Raabe, managing accomplice at Rx3 Ventures, said his firm changed into impressed with Hydrow’s “potential to attach human beings and supply an advanced, low-impact workout. The global virtual health marketplace is projected to be well worth $27 billion with the aid of 2022. Indeed, we’ve got written approximately several virtual health startups that have raised assignment budgets as of late. Just this morning, we published a tale about how Glofox, which sells software programs to boutique fitness studios, lately picked up a $10 million Series A.
Last month, we said about how Tonal raised $ forty-five million in a Series C spherical led via L Catterton’s boom fund. Evolution Media/CAA, Shasta Ventures, Mayfield, Sapphire Ventures, expert tennis participant Serena Williams’ Serena Ventures, and other buyers participated in the financing. And in December, our Savannah Dowling wrote approximately the maximum funded health startups assisting humans in damaging a sweat. At that point, consistent with Crunchbase, the ten maximum funded U.S. Startups in fitness had raised greater than $1.6 billion. The first startup at the listing, spin bike and treadmill developer, Peloton, raised a $550 million Series F in early August 2018, which delivered its total regarded investment to extra than $994 million and its valuation to $4 billion, publish-cash.