Hydrow, the at-home connected rower start-up, has raised approximately $55 million in Series D funding led by Constitution Capital with continued support from L Catterton and RX3 Ventures and participation from Liberty Street, Activant Capital and Sandbridge Capital.
“As more and more people embrace a hybrid approach to fitness, we continue to see extraordinary adoption, and our top priority is ensuring we can keep meeting that demand,” said Bruce Smith, CEO and founder of Hydrow. “This latest round of funding will not only allow us to do that, but will give us the opportunity to further invest in our product offering and drive innovation, so we can continue to deliver a best-in-class experience for our members.”
“We were drawn to Hydrow’s unparalleled workout experience and remain impressed by its distinct positioning in connected fitness as well as the exceptional quality of the management team leading the organization. We are thrilled to partner with a company with such a strong growth trajectory,” said Vil Ramos, partner, Constitution Capital.
“We continue to have strong conviction in Hydrow’s growth prospects as consumers are increasingly drawn to rowing as an efficient and effective workout to fuel their busy lives,” said Michael Farello, managing partner, L Catterton Growth Fund. “Even as gyms and studios reopen their doors, we remain confident that connected fitness is here to stay and differentiated concepts such as Hydrow are well-positioned for the future.”
Hydrow currently offers nearly 4,000 live and on-demand workouts led by elite athletes, including Olympians and Paralympians.
