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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