Home gym startup Pace raises $220M to fulfill rise in demand for its workout device

Home gym startup Pace raises $220M to fulfill rise in demand for its workout device

When the pandemic forced everyone to remain at house last year, lots of gym-goers aimed to at-home physical fitness makers to fill deep space for their cardiovascular and strength-training exercises. To assist fulfill that need, Pace, the five-year-old fitness startup established by Moawia Eldeeb and Josh Augustin, closed a $220 million Series C round led by SoftBank. […] , the five-year-old physical fitness start-up established by Moawia Eldeeb and Josh Augustin, closed a $220 million Series C round led by SoftBank. Pace’s launch came throughout an especially opportune time. With the pandemic unfolding, demand for at-home fitness solutions soared. With vaccinations throughout the U.S. steadily increasing and health clubs reopening, the huge question is whether people will stick with their at-home physical fitness workouts, throw themselves back into their old health club regimens or embrace a hybrid design that marries the 2. To help fulfill that need, Tempo, the five-year-old fitness start-up established by Moawia Eldeeb and Josh Augustin, closed a $220 million Series C round led by SoftBank….