How Much Did Hydrow Raise? Funding & Key Investors

Hydrow has successfully raised funds from 24 investors, including Constitution Capital Partners and Sandbridge Capital. The company has gone through multiple funding rounds, with the latest being on August 29, 2022.

Keep reading to explore the intricacies of Hydrow's fundraising journey and the investors backing this innovative platform.

What Is Hydrow?

Hydrow, founded in 2017 by Bruce Smith, is a company based in Boston, Massachusetts. It operates in the fitness, sports, and wellness industries, specializing in connected indoor rowing machines designed for full-body workouts.

With an employee count ranging from 101 to 250, Hydrow aims to bring the experience of rowing on the water to the at-home exercise market. The company offers a range of rowing machines and a subscription service for various workouts, emphasizing user engagement and retention.

How Much Funding Has Hydrow Raised?

1. Seed Round
   • Amount Raised: $5M
   • Date: August 2018
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop the initial product and bring it to market.
2. Series A
   • Amount Raised: $20M
   • Date: February 2019
   • Lead Investors: L Catterton
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale production and expand marketing efforts.
3. Series A
   • Amount Raised: $7M
   • Date: May 2019
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further enhance product features and user experience.
4. Series B
   • Amount Raised: $25M
   • Date: June 2020
   • Lead Investors: L Catterton
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the product line and increase market penetration.
5. Venture Round
   • Amount Raised: $8.8M
   • Date: July 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support ongoing operations and product development.
6. Series B
   • Amount Raised: $14M
   • Date: December 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance the subscription service and content library.
7. Series C
   • Amount Raised: Not publicly disclosed
   • Date: March 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate growth and expand into new markets.
8. Venture Round
   • Amount Raised: $200M
   • Date: September 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To significantly scale operations and increase market share.
9. Series D
   • Amount Raised: $55M
   • Date: March 2022
   • Lead Investors: Constitution Capital Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop technology and expand the team.
10. Venture Round
    • Amount Raised: $32.4M
    • Date: August 2022
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To enhance product offerings and improve customer experience.

Total Amount Raised: $367.2M. Current Valuation: Not publicly disclosed.

Key Investors

• Constitution Capital Partners
  • Details: Constitution Capital Partners is a private equity firm that focuses on North American middle-market buyouts. They provide both equity and debt financing to support growth and expansion.
  • Investment Focus Areas: Healthcare, Consumer Products, Business Services.
  • Notable Investments: Not publicly disclosed.
• Sandbridge Capital
  • Details: Sandbridge Capital is a private investment firm that partners with high-growth global brands. They focus on consumer sector investments, leveraging their expertise to scale businesses.
  • Investment Focus Areas: Consumer Products, Retail, Lifestyle Brands.
  • Notable Investments: Not publicly disclosed.
• L Catterton
  • Details: L Catterton is a leading global consumer-focused private equity firm. They have a strong track record of investing in and growing consumer brands.
  • Investment Focus Areas: Consumer Products, Retail, Health & Wellness.
  • Notable Investments: Peloton, Equinox, Restoration Hardware.

What's Next for Hydrow?

Unfortunately, the provided sources do not contain specific information about the opportunities, industry trends, growth opportunities, challenges, or future fundraising predictions for Hydrow. Therefore, I cannot fulfill the request to write a detailed section based on these sources.

Use Clay to Get Funding Data

Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Hydrow and gather other critical business insights.

Sign up for free to start making data-driven decisions and stay ahead of the competition.