Skip to content
Subscriber Only

Tempo, Maker of $1,995 ‘Smart Gym,’ Is Valued at $250 Million

  • At-home fitness tool has seen sales jump during Covid pandemic
  • New $60 million funding round led by Norwest, General Catalyst
Tempo’s fitness tool, which it describes as a studio, relies on artificial intelligence.
Tempo’s fitness tool, which it describes as a studio, relies on artificial intelligence.Source: Tempo

Tempo, which makes an at-home workout tool that retails for $1,995, has raised new capital valuing it $250 million amid a surge in demand for fitness products that don’t require a trip to the gym.

The San Francisco-based startup raised $60 million, led by Norwest Venture Partners and General Catalyst, founder and Chief Executive Officer Moawia Eldeeb said in an interview. Fresh capital will be used to boost the company’s manufacturing capabilities and to fund a second production studio where it will film classes like high-intensity interval training and weight lifting that users can stream on the device.