“Major Part of My Fitness Routine”: Maria Sharapova, Mike Tyson and Others Raise $250M For Strength-Training Startup Tonal

Published 04/01/2021, 4:26 AM EDT
DUBAI, UNITED ARAB EMIRATES – DECEMBER 20: Maria Sharapova attends the Sugarpova Meet & Greet at the Candylicious store in The Dubai Mall on December 20, 2019 in Dubai, United Arab Emirates. (Photo by Cedric Ribeiro/Getty Images)


The coronavirus pandemic not only impacted every single sport but also forced the majority of humanity to stay confined to its home. In a situation like this, they couldn’t pay much attention to their physical fitness. However, in a situation like this, home fitness startup ‘Tonal’ has been quite beneficial to people. Interestingly, 5-time Grand Slam champion Maria Sharapova has also invested in the company.

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Recently, Tonal raised about $450 million from its subscribers and investors- a list that includes the name of Maria Sharapova and Mike Tyson. The company is now valued at $1.6 billion and is surely going to dominate the market for the next couple of years.

“We are excited to announce that Tonal has raised $250 million in new funding! This latest round brings Tonal’s total funding to $450 million,” wrote Tonal on their Instagram caption.

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Apart from Sharapova and Tyson, existing investors including L Catterton and Sapphire Ventures also contributed to the recent funding. According to the company, its sales grew about eight times faster in the year 2020.

“Our growth over the last year underscores the changing fitness landscape. People want smarter, more connected ways to work out,” said Aly Orady, CEO of Tonal.

Maria Sharapova admits that Tonal has been a major part of her life since her retirement

The former World No.1 Maria Sharapova retired at the Australian Open 2020. However, she continues to stay fit and healthy and believes that Tonal has really helped her to do so.

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Maria Sharapova speaks onstage at the Fortune Most Powerful Women Summit 2018 at Ritz Carlton Hotel on October 2, 2018, in Laguna Niguel, California. (Photo by Phillip Faraone/Getty Images for Fortune)

“Since retiring from tennis, Tonal has become a major part of my fitness routine — especially spending more time at home this year, as we all have,” mentioned Sharapova.

It is surely intriguing that one can stay fit staying at home without using too much fitness equipment. Maria has just shown the way by not only investing in the company but by using it to the full extent. The company is definitely fortunate to have such investors and expects that its sales go much higher this year.

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Anshul Singh

833 articles

Anshul Singh is a tennis author at EssentiallySports, currently pursuing Journalism Honors from Delhi University. Having significant experience with content, Anshul has authored over 500 tennis articles. He has previously worked as a writer and an editor for DU Express, penning riveting articles on sports, politics, and culture.

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