Categories Peloton

13 posts

Auto Added by WPeMatico

Copy paste programmers

Peloton will pump $100M into delivery logistics to ease supply concerns

This probably falls under “good problems,” in the grand scheme of things. After another record quarter, Peloton has announced that it will invest more than $100 million in air and ocean freight deliveries due to “longer-than-acceptable wait times for the delivery of our products.” The fitness company is among those […]

Copy paste programmers

Expectful’s new chief executive experienced the trauma she just raised millions to solve

Nathalie Walton almost didn’t become a mother. Her risky pregnancy caused her placenta to burst during childbirth, almost killing her and her son last year. Walton, who feels lucky to have survived, says the haunting experience made her an example of a reality she had long known: To be a […]

Copy paste programmers

Exclusive: Tiger Global is raising a new $3.75 billion venture fund, one year after closing its last

According to a recent letter sent to its investors, Tiger Global Management, the New York-based investing powerhouse, is raising a new $3.75 billion venture fund called Tiger Private Investment Partners XIV that it expects to close in March. The fund is Tiger Global’s thirteenth venture fund, despite its title — […]

Copy paste programmers

Peloton to acquire fitness equipment maker Precor in $420M bid to grow commercial business

Peloton has announced that it intends to acquire Precor, one of the world’s largest suppliers of commercial fitness equipment. You probably recognize the Precor brand name if you’ve ever spent time in a hotel or standalone commercial gym, which is exactly why Peloton making this purchase makes a ton of […]

Copy paste programmers

Salut raises $1.25M for its virtual fitness service

This morning Salut, an app-based service that allows fitness trainers to host classes virtually, announced that it has raised $1.25 million in a new financing event. The round was led by Charles Hudson, an investor at Precursor Ventures. Founder Matthew DiPietro, formerly of Twitch, told TechCrunch that Salut soft-launched in […]

Copy paste programmers

True Ventures has $840 million more to invest in nascent and breakout startups

True Ventures, the now 15-year-old firm with offices in Palo Alto, Calif., and San Francisco, is taking the wraps off two new funds this morning: it has closed its seventh early-stage fund with $465 million, and capped its fourth opportunity-type fund — used to back its own breakout portfolio companies […]

The Peloton effect

During the most recent quarter, only a few earnings reports stood out from the rest. Zoom’s set of results were one of them, with the video-communications company showing enormous acceleration as the world replaced in-person contact with remote chat. Another was Peloton’s earnings from the fourth quarter of its fiscal […]

Daily Crunch: Peloton might expand its product lineup

Peloton’s product lineup is both getting cheaper and more expensive, Nintendo announces a new retro device and Palantir reveals more about its governance plans. This is your Daily Crunch for September 4, 2020. The big story: Peloton might expand its product lineup Peloton is preparing to add new products at […]

Copy paste programmers

Peloton said to be launching new, cheaper treadmill and higher-end stationary smart bike

Peloton is reportedly getting ready to add to its product lineup with two new products at either end of its pricing spectrum, according to Bloomberg. The workout tech company is planning both a cheaper, entry-level smart treadmill, and a higher-end version of its stationary exercise bike, with an announcement set […]