Tempo Funding, Investors & Competitors

Tempo has raised $299M across 4 funding rounds, most recently a $220M Series C in April 2021.

See full Tempo profile

Last Tempo funding round

$220M

Series C ยท Apr 2021

Cumulative funding Tempo raised

$299M

across 4 funding rounds

Key investors in Tempo

  • Y Combinator
  • DCM Ventures
  • SignalFire
  • Bling Capital
  • General Catalyst
  • Khosla Ventures
  • Founders Fund
  • Norwest

Tempo Overview

About Tempo

Tempo is a San Francisco-headquartered developer of AI-powered home fitness equipment. Its mirror-like device integrates 3D motion sensors to track 25 body joints, count repetitions, suggest weights, and provide real-time form corrections during workouts. Users access live sessions with elite trainers via the platform, which supports strength training, cardio, and mobility programs.


Founded

2015

HQ

United StatesSan Francisco, CA

Website

tempo.fit

Status

Privately held

Customer focus

B2C

Revenue model

Product sales, Subscription

Tempo Funding History

Tempo has raised a total of $299M across 4 funding rounds.

Tempo's first fundraising round was a $2M seed round in June 2015. The most recent completed round was a $220M Series C in April 2021.

Tempo funding rounds

Tempo funding rounds
DateStageInvestorsRaised
Apr 2021Series CSoftBank Group (lead); General Catalyst; Borromin; Norwest; Bling Capital; DCM Ventures$220M
Jul 2020Series BGeneral Catalyst (lead); Norwest (lead); Y Combinator; SignalFire; Founders Fund; Tishman Speyer; Bling Capital; DCM Ventures$60M
Jul 2019Series AY Combinator; SignalFire; Bradley Horowitz; Khosla Ventures; Founders Fund; Bling Capital; DCM Ventures$17M
Jun 2015SeedKhosla Ventures (lead); SignalFire (lead); Y Combinator$2M

Who has invested in Tempo?

12 investors have backed Tempo across its funding rounds, including Y Combinator, DCM Ventures, SignalFire, Bling Capital, General Catalyst and Khosla Ventures.

Lead investors include SoftBank Group, General Catalyst, Norwest, Khosla Ventures and SignalFire.


Tempo Investors

Investors in Tempo by funding rounds participated
InvestorHQRoundsRoleFirst check
Y CombinatorUnited StatesSan Francisco, CA3ParticipantJun 2015
SignalFireUnited StatesSan Francisco, CA3LeadJun 2015
Bling CapitalUnited StatesUnited States3ParticipantJul 2019
DCM VenturesUnited StatesSan Francisco, CA3ParticipantJul 2019
General CatalystUnited StatesSan Francisco, CA2LeadJul 2020
NorwestUnited StatesSan Francisco, CA2LeadJul 2020
Khosla VenturesUnited StatesSan Francisco, CA2LeadJun 2015
Founders FundUnited StatesSan Francisco, CA2ParticipantJul 2019
SoftBank GroupJapanTokyo1LeadApr 2021
Bradley HorowitzUnited StatesSan Francisco, CA1ParticipantJul 2019

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Tempo Competitors

Tempo competitors include listed companies like Sleep Cycle, Weight Watchers and Keep Inc., and private ones like Tonal, Icon Health Fitness and Doctolib.

Public and private companies comparable to Tempo
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
TonalUnited StatesSan Francisco, CAPrivate--$575M-
Sleep CycleSwedenSwedenPublicly listed$24M$7M$44M1.5x
Weight WatchersUnited StatesUnited StatesPublicly listed$786M($198M)$160M0.7x
Keep Inc.ChinaChinaPublicly listed$244M($8M)$82M-
Icon Health FitnessUnited StatesLogan, UTPrivate$1B-$7B7.0x
DoctolibFranceParisPrivate$400M-$6.4B16.0x

Tempo Public Comps

Tempo is still privately-owned, but its public comps include Meta, Garmin, Bending Spoons, Kakao, Match Group, Kunlun, Duolingo, Life360, Technogym and Strive.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Meta$201B$104B8.8x7.4x17.0x12.7x
Garmin$7.2B$2.1B7.0x6.4x24.4x21.7x
Bending Spoons$2.6B$520M11.0x-54.9x-
Kakao$5.9B$1.1B0.9x0.9x4.8x4.1x
Match Group$3.5B$939M3.7x3.7x13.9x10.0x
Kunlun$1.2B($230M)6.8x5.7x(36.1x)(111.2x)
Duolingo$1B$152M5.4x4.9x37.3x17.9x
Life360$489M$32M6.4x5.0x97.0x25.6x

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Common questions about Tempo

When was Tempo founded?Tempo was founded in 2015.
Where is Tempo headquartered?Tempo is headquartered in San Francisco, CA, United States.
Is Tempo publicly listed?No, Tempo is a private, VC-backed company.
How much funding has Tempo raised?Tempo has raised $299M across 4 funding rounds.
What was Tempo's last funding round?Tempo's last funding round was a $220M Series C in April 2021, led by SoftBank Group.
Who are Tempo's investors?Tempo's investors include Y Combinator, SignalFire, Bling Capital, DCM Ventures, General Catalyst, Norwest, Khosla Ventures, Founders Fund, SoftBank Group, Bradley Horowitz and 2 others.
Which companies are comparable to Tempo?Companies comparable to Tempo include Tonal, Sleep Cycle, Weight Watchers, Keep Inc., Icon Health Fitness and Doctolib.

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