Peloton

By Dave Muoio 02:16 pm July 31, 2019
Peloton pulls the plug. Owners of the first generation of Peloton’s exercise bike touchscreens will no longer be receiving new software updates for their device, the company announced in a message on its support page. The touchscreen will still be able to access content, but the company is recommending that these users purchase a hardware upgrade so that they may continue to receive new feature...
By Jonah Comstock 02:12 pm June 5, 2019
Peloton, the connected fitness company offering home exercise bikes and treadmills with built-in virtual classes, has announced its intention to IPO by filing a confidential draft statement of its S-1 to the SEC. The company is not disclosing the number of shares they plan to offer or their price range. For those that count Peloton as a digital health company, it constitutes one of the most...
By Dave Muoio 01:55 pm March 20, 2019
Mail-order menopause treatment. Online men’s and women’s health platform Ro is expanding its services with the launch of a new platform for women experiencing menopause. Called Rory, the platform treats for hot flashes, vaginal dryness, sleep deprivation and other symptoms of menopause, while also seeking to educate users on their personal health. Much like Ro’s other offerings, the service kicks...

Photo by Carsten Koall/Getty Images

By Dave Muoio 03:14 pm February 26, 2019
FDA draft guidance on BCI devices. The FDA signaled its interest in the development of implanted brain-computer interface (BCI) devices on Friday with the release of a new draft guidance focused on the emerging technology. The new document suggests that non-clinical testing of the devices could precede clinical testing as a means to identify and prevent potential risks prior to use by patients. “...
By Dave Muoio 12:01 pm August 6, 2018
New York City-based Peloton has raised another $550 million in financing to support its connected home exercise equipment and virtual workout class business. With this Series F round, Peloton’s total funding is just shy of $1 billion raised. The round was led by TCV, with support from returning investors Tiger Global, True Ventures, Wellington Management, Fidelity, NBCUniversal, Kleiner Perkins,...
By Jonah Comstock 04:19 pm May 9, 2018
Slavitt's new gig. Former CMS Administrator Andy Slavitt is heading up Town Hall Ventures, a new healthcare investing group that officially launched yesterday. Slavitt will be joined by Trevor Price, founder of Oxeon Holdings, a retained executive search and investment firm; and David Whelan, who managed Oxeon's previous firm Oxeon Ventures. The firm already has several investments including...
By MobiHealthNews 05:45 pm June 22, 2017
Virtual reality has moved from science fiction to marketable consumer product astonishingly quickly, partly because the incorporation of the smartphone into the technology makes it accessible, if not ubiquitous. It’s looking more and more like those who bet that virtual reality is here to stay, and not a flash-in-the-pan trend, made the smart bet.   But what about in healthcare? Could a...
By Jonah Comstock 04:15 pm May 25, 2017
Peloton, the New York City-based technology company that has seen impressive success combining exercise bikes with tablets to create virtual cycling classes, has raised an additional $325 million in late stage funding. The investment brings the company's total funding to nearly $445 million and brings its valuation to $1.25 billion, which makes the virtual fitness company officially a "unicorn"....
By Heather Mack 02:48 pm January 4, 2017
It’s been a busy week for Fitbit. The San Francisco-based wearable company announced four different partnerships, three of which are integrations with the Works with Fitbit ecosystem. Habit, the Campbell’s Soup-backed personalized nutrition startup that uses data from genetic tests and individual’s health and fitness goals to create tailored diet and exercise plans, will now incorporate Fitbit...
By Jonah Comstock 04:10 pm January 27, 2016
Health 2.0's digital health funding numbers for 2015 are out and they're right in the middle of totals released so far, at $4.75 billion. Rock Health had pinned the number at $4.3 billion and both CB Insights and StartUp Health had pegged it at $5.8 billion. As usual, this relates to a range of different definitions of just what constitutes digital health.  But not only do the numbers differ,...