News Topics
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September 13, 2022
Thule Warns Of Bike Market Inventory Imbalance
Thule Group said excessive inventory levels in the cycling channel have worsened in recent months and would impact sales and profitability in the second half of the year. Thule noted that it communicated in its half-year report on July 21 that the general market in bike retail, at the time,...
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September 13, 2022
Amynta Group Acquires iFIT Health & Fitness Extended Warranty Operations
AmyntaGroup, an insurance services provider, has acquired the extended warranty operations of iFIT Health & Fitness, Inc., operated through its wholly-owned subsidiary, Universal Technical Services (UTS). As part of the transaction, Amynta has entered into a long-term strategic partnership with iFIT to deliver a full-service platform of extended warranty protection...
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September 12, 2022
InsideTracker Raises $15 Million Series B Round Led by PeakBridge
InsideTracker, which applies machine learning algorithms to wellness data and biomarkers, has raised a $15 million Series B round led by PeakBridge. Returning investor BASF Venture Capital GmbH joined the round, as did Cornucopian Capital and OurCrowd. Sporttechie
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September 12, 2022
Tonal to Raise $100M at $1.9B Valuation
Home gym-maker Tonal is looking to raise $100 million in financing in a deal that would value the company at $1.9 billion, according to Bloomberg. The potential funding round for Tonal — backed by a star-studded group of investors including Serena Williams, LeBron James, Mike Tyson, Drew Brees, and others...
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September 12, 2022
Boston Marathon includes nonbinary qualifying times as it opens registration
Boston, one of the most competitive races in the world, is adding new rules for runners within its newly created nonbinary division, which could be a significant step toward more local races creating thorough policies. The new times allow nonbinary runners to orient their training around the times needed to...
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September 9, 2022
Oofos Receives Investment From Derek Carr
Las Vegas Raiders Quarterback, Derek Carr, has invested in the recovery footwear maker Oofos as part of a multi-year partnership that also sees Carr as a brand ambassador. SGB
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September 8, 2022
Boston Marathon principal sponsor John Hancock not renewing deal after 2023
Insurance firm John Hancock has confirmed it will not be renewing its principal sponsorship agreement with the Boston Athletic Association (BAA) for the Boston Marathon. The Boston-based company has been an official partner of the race since 1986, with the 37-year-old deal now set to expire after the 2023 marathon....
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September 7, 2022
Here is the New Apple Watch Ultra – Built for Athletes and Adventurers
Apple announced their new Apple Watch Series 8 but they also unveiled the Apple Watch Ultra. Here is a look at some of these features that set it way above the regular Apple Watch to go after Garmin and COROS. RWM
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September 7, 2022
Meta shows a very Zwift-like cycling metaverse concept
If you’ve ever wondered if (or when) Zwift will finally jump into the metaverse to create a truly immersive 360°cycling experience, well, you’re not alone. But Meta (the artist formerly known as Facebook) might just beat them (or drag them into it). Bike Rumor
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September 6, 2022
73-year-old cyclist caught for motor doping in France
A 73-year-old cyclist has admitted to motor doping at the 12th edition of the hill climb time trial event, the Col du Benas, in France. It didn’t take long for the organizers to realize something was up when they noticed the rider had finished in 16th up the tough ascent,...
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