Startups Weekly: The Peloton IPO (bull vs. bear)

Hello and welcome back to Startups Weekly, a newsletter published every Saturday that dives into the week’s noteworthy venture capital deals, funds and trends. Before I dive into this week’s topic, let’s catch up a bit. Last week, I wrote about the proliferation of billion-dollar companies. Before that, I noted the uptick in beverage startup […]

Weighing Peloton’s opportunity and risks ahead of IPO

Exercise tech company Peloton filed confidentially for IPO this week, and already the big question is whether their last private valuation at $4 billion might be too rich for the appetites of public market investors. Here’s a breakdown of the pros and cons leading up to the as-yet revealed market debut date. Risk factors The […]

Peloton IPO, VC alternatives, privacy at Apple, and cybersecurity returns

ICYMI: As Peloton files for IPO, can its live fitness gamification model extend to other verticals? Peloton confidentially filed for its IPO today, and the juggernaut fitness company is positioned to be one of the most interesting consumer debuts in the upcoming IPO season now that Uber has cleared the hurdle. Extra Crunch’s media columnist […]

Connected bike and treadmill-maker Peloton files confidentially for IPO

Exercise tech darling and service provider Peloton has filed for an IPO with a confidential draft submission of its S-1 statement to the SEC on Wednesday. The company announced the news in a press release, and did not disclose the terms of its initial public offering in the release. Peloton’s entry into the market was […]

Fitness startup Mirror nears $300M valuation with fresh funding

Today, Peloton is a bonafide success. The company, which sells $2,245 internet-connected exercise bikes, boasts a $4 billion valuation and a cult following. That hasn’t always been the case. For years, Peloton battled for venture capital investment and struggled to attract buyers. Now that it’s proven the market for tech-enabled home exercise equipment and affiliated […]

Tonal raises $45 million to bring strength training to more living rooms

Tonal is today announcing its Series C financing that it hopes will allow the company to bring its at-home gym to even more homes. The funding round shows investors’ excitement around the new generation of personal exercise equipment that combines on-demand training with smart features. Tonal, like Peloton, offers features previously unavailable outside of gyms, […]

The 10 largest US venture rounds of 2018

Three U.S. companies raised more than $1 billion in just one funding round in 2018, a year in which total deal value for U.S. startups is expected to surpass $100 billion for the first time. For the most part, it was the usual suspects, and yes, SoftBank was an accessory in many of these rounds. Here’s […]

Peloton raises $550M at a valuation of $4 billion

Peloton today announced its Series F funding of $550 million. That brings the total amount raised, according to CrunchBase, to $994.7 million. According to the announcement, this round puts Peloton’s valuation at $4 billion — it was just last May the company hit unicorn status.TCV led the round with other participation in the round from […]

Peloton CEO John Foley will join us at Disrupt SF

Half a decade after its founding, Peloton became a unicorn. During its short existence, the company has found tremendous success riding the wave of successful spin classes that includes the likes of SoulCycle and Flywheel. Peloton offered a unique take on the space, harnessing technology to provide a state of the art version of the […]

Peloton acquires music startup Neurotic Media

Peloton, the unicorn spin (and now treadmill) business that lets users work out via live-streamed classes, has today announced its first acquisition. The company acquired Neurotic Media, a B2B music aggregation and streaming service. Atlanta-based Neurotic Media was founded in 2001 by Shachar “Shac” Oren, who will become a VP at Peloton serving under Peloton’s […]