Tech NEOU, ‘Netflix of Fitness,’ Raises Funds From Investing Titans Staff Editor June 1, 2020 Share on Facebook Share on Twitter Share via Email Subscribe Now Log in Some Wall Street titans are betting the at-home fitness boom will far outlast quarantine life. NEOU, a startup that describes itself as the “Netflix of fitness,” raised $5 million in fresh capital from investors including Ares Management Corp. Chief Executive Officer Mike Arougheti and David Flannery, a former GSO senior managing director. The round valued the company at about $40 million, CEO Nathan Forster said in an interview. Named for the company’s mission to help create a “new you,” NEOU has raised $30 million since its 2015 founding. Existing investors including Bowers & Wilkins CEO Gregory Lee, and Fresh Direct LLC co-founder Jason Ackerman contributed to the latest round. New funds will be used to expand its offerings to attract new… READ MORE @ Bloomberg Some Wall Street titans are betting the at-home fitness boom will far outlast quarantine life. NEOU, a startup that describes itself as the “Netflix of... Membership Required You’ve reached your 3-article monthly limit. Subscribe to ATN Pro for unlimited access to industry-leading coverage, insights, and analysis shaping the future of fitness and wellness. ATN Pro members get: Unlimited access to Athletech News articles Exclusive access to ATN Pro-level reporting Discounts to ATN the Innovation Summit VIP access to community events Exclusive email newsletters Subscribe Now Already a member? Log in Already a member? Log in here Tags: NEOU Netflix of fitness
