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It exploded in the pandemic but is now plagued by the new shells away from companies greatly better financed and much prior to to market than simply Amplifier. Tonal, backed by LeBron James and you will Serena Williams, elevated $250 million during the an excellent $step one.six billion valuation several years ago. Burning cash, it actually was obligated to improve an additional $130 million from the a recorded $600 million valuation in the 2023, a great valuation haircut of a few 63%. Hydrow, a great Boston-founded rowing outfit fronted because of the Justin Timberlake, has undergone at the least a few rounds of layoffs, nevertheless the company states it’s now winning.