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Echelon Raises $65 Million, Furthering Goal to Put Innovative Connected Fitness Within Reach for More Consumers

Dec 28, 2020over 4 years ago

Amount Raised

$65 Million

Chattanooga

Description

 Echelon Fitness, the innovative connected fitness brand, has completed a $65 million financing led by Goldman Sachs Growth, along with participation from existing investor, North Castle Partners; Piper Sandler acted as exclusive financial advisor to Echelon Fitness, all helmed by the dynamic serial entrepreneur Lou Lentine. 

Company Information

Company

Echelon Fitness

Location

Chattanooga, Tennessee, United States

About

Echelon is a global fitness, wellness, and sports leader that has revolutionized at-home fitness since 2017 with a range of smart exercise equipment and an immersive membership experience. It has focused on driving growth through its smart, aggressive, and focused approach to expansion, providing access to thousands of live and on-demand classes and unique experiences for at-home and commercial verticals.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech