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Tempo Announces $60M in New Funding to Expand Its Pioneering Home Fitness System and Accelerate Nationwide Sales After Unprecedented Growth

Jul 29, 2020•almost 5 years ago

Amount Raised

$60 Million

San Francisco

Description

Tempo—the first home fitness system that uses 3D sensors and A.I. to analyze your motion and provide real-time rep counting, form feedback, and weight recommendations—today announced $60M in new funding, the largest Series B of any smart fitness company to date. The round was led by Norwest Venture Partners and General Catalyst, along with return investors DCM, Bling Capital, SignalFire, Founders Fund, and Y Combinator. Tempo also announced a strategic partnership and investment from Tishman Speyer

Company Information

Company

Tempo

Location

San Francisco, California, United States

About

Tempo is a fitness company that develops innovative products to help people progress in their fitness journeys. The Tempo Studio is the first home fitness studio that includes real time guidance and competition-grade weights to help members reach their fitness goals. Tempo’s AI-powered 3D-sensors corrects form, counts reps, and recommends weights—providing a more effective and safer workout in real-time.

Funding Insights

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

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