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Hydrow raises funds from celebrity backers
Connected Fitness
Sep 21, 2021
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Connected Fitness

Connected Fitness

Sep 21, 2021

Hydrow raises funds from celebrity backers

Funding

  • Hydrow, a connected rower manufacturer, has raised an undisclosed amonut of financing from investors including celebrities Lizzo and Justin Timberlake, bringing its total funds raised to approximately USD 200 million.

  • The company will use the funds to meet the anticipated holiday-season demand, expand into international markets, and create more live and on-demand workout content for its users.

<ul><li>The news comes a month after the company reported that it was in talks to go public via a merger with the special purpose acquisition company (SPAC) Sandbridge X2 Corp. The deal could value the combined entity at more than USD 1 billion, though the terms have not been finalized.</ul>

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