20.5 C
London
Friday, May 17, 2024
HomeFinTechKatalyst: Raises $26M in Series A Funding

Katalyst: Raises $26M in Series A Funding

Date:

Katalyst Raises $26M in Series A Funding

  • Katalyst, a Las Vegas, NV-based health and fitness company, raised $26M in Series A funding
  • The round was led by Stripes, with participation from Incisive Ventures, Unlock Venture Partners, Robert Nelsen, Cindy Crawford, and Rande Gerber
  • The company intends to use the funds to scale production, develop the brand, and grow the team
  • The company leverages technology to bring EMS (Electro Muscle Stimulation)-specific training to an at-home format and deliver a two-hour workout in 20 minutes, directly activating up to 90% of muscle fibers
  • The company has shipped more than 1,200 units as part of its Early Access program to fans who range from professional athletes and physicians to celebrities such as Bradley Cooper and Cindy Crawford

Related stories

US fintech Yendo secures $165m in mix of debt financing and equity

Company Overview:Yendo is a US fintech offering...

South African fintech Lesaka snaps up Adumo in $86m deal

Acquisition Details:Lesaka Technologies, a South African fintech...

Monzo secures additional $190m funding from new and existing investors

Funding Round Details:Monzo, the UK-based digital challenger...

Sweden’s Mitigram names Pedram Tadayon as new CEO

New CEO Appointment:Swedish digital trade financing platform...

Ecology Building Society set for 2025 core banking overhaul with Monument Technology

Partnership Overview:UK-based mutual Ecology Building Society has...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img