ICON Health & Fitness, the parent company of consumer connected fitness equipment brands like NordicTrack, Freemotion and iFit, has raised a $200 million growth investment. The company said that the funding was led by L Catterton, with participation from prior backer Pamplona Capital Management.
WHAT IT DOES
Founded in 1977 as an import business, Utah-based ICON first stepped into the home...
The ink has settled on a $200 million growth equity investment for in-home fitness streaming platform iFit, the company’s parent ICON Health & Fitness announced today. Pamplona Capital Management led the raise.
WHAT THEY DO
iFit — which shares its parent company with workout machine makers NordicTrack, ProForm and Freemotion — has built a streaming platform for use on these companies’...
CES 2015 ended earlier this month, and like last year, a significant portion of the show floor was dominated by digital health products. Companies showed off a number of activity trackers, sleep devices, an oral health tracker, connected weight scales, and a few adhesive temperature devices. And also like last year, most of the products MobiHealthNews covered were demos, prototypes, and concepts...
Taiwan-based iFit raised $3 million in a round led by Cherubic Ventures with participation from Yuan-Jin Capital, Sino Strategy Group, angel investor Alan Chien, and former manager of Lenovo Taiwan Ou Ming-Zhe, according to a post from TechCrunch. This brings the company's total funding to just under $4 million.
iFit has developed a website that publishes articles about nutrition and fitness....
CES is upon us again. According to the Boston Globe, the Las Vegas consumer electronics show is dedicating 40 percent more floor space to digital health than last year and more than 300 digital health companies are exhibiting. Whether or not those stats are illustrative, digital health is still a more popular topic at CES than it ever has been. And with more and more big companies like Sony and...
