Fidelity Investments

Connected exercise bike maker Peloton pulls in $325M in new funding

By Jonah Comstock 04:15 pm May 25, 2017

Peloton, the New York City-based technology company that has seen impressive success combining exercise bikes with tablets to create virtual cycling classes, has raised an additional $325 million in late stage funding. The investment brings the company's total funding to nearly $445 million and brings its valuation to $1.25 billion, which makes the virtual fitness company officially a "unicorn"....

Survey: Employers spend about $700 per head on wellness incentives, but few workers partake

By Jonah Comstock 09:05 am March 26, 2015

A new survey of 121 employers from Fidelity Investments and the National Business Group on Health shows that employer spending on incentive-based wellness programs is up an average of $100 per head over last year. Respondents said they planned to spend an average of $693 per employee on wellness incentives in 2015, up from $594 in 2014. It was $430 five years ago. While 79 percent of companies...