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CityRow raises $12M for connected rowing machines and studios – TechCrunch techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.
fotostorm/Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Interest in indoor rowing both connected machines and studio classes is on the rise in the US. The global rowing-machine market is expected to hit $1.8 billion by 2031. Investors are taking note by pouring funding into brands like Hydrow and Ergatta. Indoor-rowing companies both the manufacturers of high-tech connected machines and the leaders of boutique fitness chains are reaping the benefits of a continued rowing boom. Though indoor rowing had already been on the rise, the pandemic and its subsequent impact on demand for at-home and virtual fitness has propelled the sport. ....
Quote To Start The Day: Try to be a rainbow in someone’s cloud. Source: Maya Angelou One Big Thing In Fintech: Instead of focusing on growth at all costs, fintech startups have been drawing a path to profitability. It doesn’t mean that they’ll have a positive bottom line at the. Read More. ....