News Topics
September 13, 2022
Giant Houses, Private Chefs, and Pro Connections: Inside the Amateurpros of the Zwift Academy
Free gear, training camps, and an "idealized pro experience" - but for age-group triathletes. What exactly comes with a slot in the Zwift Academy, and how does the whole deal work? Triathlete
September 13, 2022
Athlete Training App Kollektiv Raises $1.5 Million in Pre-Seed Funding, Company Co-Founded by Olympic Triathlete Helle Frederiksen
Kollektiv, an athlete training app co-founded by Danish Olympic triathlete Helle Frederiksen and her husband Ben Powell-Frederiksen, has raised about $1.5 million (11m Danish Krone) in pre-seed funding. The round was co-led by Copenhagen-based Ugly Duckling Ventures and VF Ventures, with participation from former BBC media executive Kerstin Mogull. Sporttechie
September 13, 2022
Peloton’s new bike rental program is officially live
Earlier this year, the program was offered to a testing pool of a select few states. Rentals were available through some of Peloton's in-person showrooms in Texas, Florida, Minnesota, and Colorado, among a few other locations. The brand is now diving head-first into the rental market by expanding across the...
September 13, 2022
Peloton co-founders John Foley and Hisao Kushi are leaving the company in a broad executive shakeup
Co-founder and former CEO John Foley resigned from his position as executive chairman of the board effective Monday. Fellow co-founder Hisao Kushi will leave his post as the company’s chief legal officer Oct. 3, while Kevin Cornils, chief commercial officer, who has been with the company since 2018, will leave...
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,...
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...
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
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...
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...
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