Tonal Raises $250M Series E Financing

March 31, 2021Client News

Gunderson Dettmer represented client Tonal, a smart at-home fitness platform, in its $250 million Series E financing led by Dragoneer. The new funding values the company at $1.6 billion.

In the announcement of the transaction, CEO of Tonal Aly Orady said, “Our growth over the last year underscores the changing fitness landscape. People want smarter, more connected ways to work out.”

The Gunderson deal team was led by John Dietz and included Anna Westfelt, Brian Willbur, Kelly Trimble, Ben Hinshaw, Frida Alim and Angela Lyons-Justus.