What is Tempo Interactive Inc?
Tempo Interactive Inc. offers a unique home fitness experience through its Tempo Studios, featuring an award-winning design with all-in-one storage that eliminates the need for wall drilling. The platform provides hundreds of live and on-demand classes across strength training, HIIT, mobility, cardio, and recovery, with new content added regularly. Tempo distinguishes itself with personalized form feedback powered by 3D sensors that track user motion and analyze form in real-time, offering instant corrections from coaches in live classes and visual cues in on-demand sessions. A required $39/month membership provides household access to all classes and features, including live personal form feedback and performance tracking, with a 12-month commitment. The Tempo Studio requires 8 feet of clear space for workouts and is delivered and installed by the company.
How much funding has Tempo Interactive Inc raised?
Tempo Interactive Inc has raised a total of $280M across 2 funding rounds:
Series B
$60M
Series C
$220M
Series B (2020): $60M with participation from Norwest Venture Partners and General Catalyst
Series C (2021): $220M led by STEADFAST Capital Ventures, SoftBank Vision Fund 2, Norwest Venture Partners, DCM Ventures, Bling Capital, and General Catalyst
Key Investors in Tempo Interactive Inc
Norwest Venture Partners
Founded in 1961, Norwest Venture Partners is a global, multi-stage venture capital and growth equity investment firm. The company is headquartered in Palo Alto, California with offices in India and Israel.
General Catalyst
General Catalyst operates as a venture capital firm focused on identifying and supporting transformational business opportunities across multiple sectors and stages. The firm deploys capital strategically to back entrepreneurs and management teams pursuing ambitious visions that reshape their respective industries.
STEADFAST Capital Ventures
Undisclosed investor participating in the funding round.
What's next for Tempo Interactive Inc?
The substantial enterprise-level funding and recent strategic investment position Tempo Interactive Inc. for accelerated expansion and product development. This capital infusion is expected to fuel enhancements in content offerings, technology, and market reach, further solidifying Tempo's competitive edge in the burgeoning connected fitness industry. The company is likely to focus on scaling its user base, refining its interactive features, and potentially exploring new fitness modalities or hardware integrations to maintain its momentum and leadership.
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