Therabody has launched eight product innovations and closed a growth equity round with backing reaching US$165m. The investment was led by North Castle Partners, with additional financing from Kevin Hart’s venture capital firm HartBeat Ventures and Rx3 Ventures.

At-home rower maker Hydrow is one of the latest connected-fitness companies to announce staff cuts. The tech company which won celebrity backing from the likes of Justin Timberlake and actor Kevin Hart – who is also on board as creative director – confirmed it would be cutting 35 per cent of its workforce, just four months after raising US$55m in Series D funding.

Fitness tech firm Therabody has expanded into a new area of wellness with the launch of a new compression recovery device.

US-based sportswear giant Fabletics has launched its own, branded fitness offer, as part of a strategy to develop a "360-degree health and wellness experience" for its customers.

Therabody has secured strategic investment from more than 100 superstars across sport, music and the entertainment industry.