IFIT Health & Fitness Inc announced that it has received $355 million in funding from L Catterton Partners and another investor

iFIT Health & Fitness Inc is a health and fitness subscription technology company. The Company designs and develops its own software, content and hardware. Its software utilizes biometric inputs (including heart rate), adaptive fitness technology, artificial intelligence (AI) and scalable cloud-based infrastructure to create an unmatched user experience that is highly engaging by its members. The Company's content is delivered by its patented streaming technology that connects a range of connected devices, this technology stack allows all its devices to seamlessly connect to the network of products and members. The Company delivers a range of fitness modalities including treadmills, bikes, ellipticals, rowers, climbers, strength equipment, fitness mirrors, yoga equipment and accessories. The Company's brands include NordicTrack, ProForm, Freemotion, Weider and Sweat.