Therabody Raises $165M in Growth Equity Funding

Therabody, a Los Angeles, CA-based wellness technology company, raised $165M in Growth Equity funding.

The round was led by North Castle Partners, with participation from Kevin Hart’s HartBeat Ventures, LLC and Aaron Rodgers’ Rx3 Ventures.

The company intends to use the funds to continue to invest in innovation across hardware, software, services—including its whole-body wellness centers called Reset—and digital content.

Led by CEO Benjamin Nazarian, Therabody is a wellness technology company whose products and content are embraced by the medical community, sports and beauty industry leaders, and millions of consumers worldwide including Theragun, a massage device

Currently available in more than 60 countries, including at company-owned retail stores and at Reset®, a whole-body wellness and recovery center, the product line includes proprietary technologies and leverages biometrics for personalized real-time therapies.

The company also launched eight new products that expand the brand to whole-body wellness with proven benefits across performance, pain, stress, and sleep. The newly expanded product line includes a new generation of Theragun PRO and Theragun mini plus first-of-its-kind SmartGoggles. Made to pair with the also newly announced TheraMind sound therapy content via the Therabody App, SmartGoggles™ help ease facial tension and headaches during the day and encourage relaxation and sleep at night through vibration, heat, and massage. The device is to be integrated with a smart sensor that utilizes biometric data to personalize the treatment, which gradually lowers heart rate to reduce stress and anxiety.