Throughout essentially the most latest quarter, just a few earnings stories stood out from the remainder. Zoom’s set of results were one of them, with the video-communications firm exhibiting huge acceleration because the world changed in-person contact with distant chat.
One other was Peloton’s earnings from the fourth quarter of its fiscal 2020, which it reported September 10th. The corporate’s income and profitability spiked as of us caught at dwelling turned to the related health firm’s wares.
Shares of Peloton have rallied round 4x since March, roughly the beginning of when the COVID-19 pandemic started to influence life in america, driving demand for the corporate’s at-home exercise tools. And in late June, athleisure company Lululemon bought Mirror, one other related health firm aimed on the dwelling marketplace for round $500 million.
With Peloton’s 2019 IPO and its development together with Mirror’s exit in 2020, related health is demonstrably scorching, and private-market traders are taking discover. A latest Tweet from fitness tech watcher Joe Vennare detailing a bunch of latest funding rounds raised by “digital health” firms made the purpose final week, piquing our curiosity on the identical time.
Is there actually some type of Peloton impact driving non-public funding into a number of related health startups? How scorching is the extra nascent facet of related health?
This morning let’s have a look by some latest funding rounds within the area to get a really feel for what’s happening. (In the event you’re a VC who cares concerning the sector, be at liberty to email in your personal notes, topic line “related health” please.) We’ll then execute the identical seek for Q3 2019 and see how the info compares.
To begin with the present market I pulled a Crunchbase query for all Q3 funding rounds for companies tagged as “fitness” after which filtered out the cruft to get a have a look at essentially the most pertinent funding occasions.
Right here’s what I got here up for for Q3 2020, to this point:
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