Funding round
Tonal Series B
Tonal, which works in smart home gym equipment manufacturing in San Francisco, raised $30M in a Series B round announced on 24 Jun 2018. 1 firm took part. It is Tonal's first venture round on record.
$30M
Amount raised
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
Tonal did not disclose a valuation in this round. It is Tonal's first venture round on record, 3 years after it was founded in 2015. It is 5.3% of the $565M Tonal has raised in the venture rounds on record. Tonal raised again 10 months later: a Series C round of $45M in Apr 2019. Its next priced round, a Series E in Mar 2021, valued it at $1.60B.
Tonal's funding rounds
Tonal has 5 venture rounds on record. This one is highlighted.
- Series B this round 24 Jun 2018 $30M
- Series C 4 Apr 2019, led by L Catterton $45M
- Series D 17 Sep 2020, led by L Catterton $110M
- Series E 31 Mar 2021, led by Dragoneer Investment Group $250M$1.60B post-money
- Series F 10 Apr 2023, led by L Catterton, Cobalt Capital and Dragoneer Investment Group $130M$1.90B post-money
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- backs 13 venture-backed companies new investor
Comparable rounds
How it compares
The closest in time: Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| byton Automobile Dealers & Manufacturers | 11 Jun 2018 | $500M | not disclosed | not named |
| Podium Tech Companies | 7 Jun 2018 | $60M | not disclosed | Institutional Venture Partners |
| Pharmaceutical Products | 29 Jun 2018 | $57M | not disclosed | not named |
| Payment Processing & Point of Sale | 19 Jun 2018 | $50M | $220M | not named |
| Celonis Tech Companies | 26 Jun 2018 | $50M | $1.00B | Accel and 83North |
| Pharmaceutical Products | 4 Jun 2018 | $47M | not disclosed | not named |
| Tech Companies | 19 Jun 2018 | $43M | not disclosed | Sageview Capital |
| Real Estate Rental | 6 Jun 2018 | $40M | not disclosed | Kleiner Perkins |
Questions
Frequently asked
How much did Tonal raise in its Series B round?
Tonal raised $30M in its Series B round, announced in Jun 2018.
Which investors took part in Tonal's Series B round?
WISE Ventures.
What was Tonal's valuation at the Series B round?
It was not disclosed.
Did Tonal raise again after this round?
Yes: a Series C round in Apr 2019 of $45M.