Tonal seeks fundraising valuing it at $500M, down from $1.9B, as home fitness industry struggles
Tonal Systems Inc., the at-household physical fitness startup, is trying to find to raise cash at considerably less than a third of its previous valuation and is contemplating changing its main executive officer, according to persons familiar with the subject. The organization is in talks for funding that would price it at $500 million or decrease, the folks claimed, asking not to be determined simply because the matter is personal. That’s a deep reduce in comparison to last year’s $1.9 billion…
