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September 8, 2026 - Deals

L Catterton Invests In HYROX Valuing Fitness Platform At $700 Million

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HYROX IS NOW WORTH NEARLY $700M L Catterton has closed its investment in HYROX in a deal reportedly valuing the global fitness racing platform at ~€600M ($700M). The transaction sees founders Christian Toetzke and Moritz Fürste regain majority control, with L Catterton and Jeffrey Katzenberg and Sujay Jaswa’s WndrCo joining as partners. Founded in Hamburg in 2017, HYROX has grown into one of the world's fastest-growing sports platforms. In the 2025/26 season alone: • 1.4M+ participants • 1.5M+ spectators • 100+ events globally Now, HYROX is setting its sights even higher, including a long-term push for Olympic recognition. From a single race in Hamburg to a nearly $700M global fitness brand in under a decade.

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Clay Secures $115 Million In Series D Funding Led By Wellington Management At $7.1 Billion ValuationClay raised $115 million in a Series D led by Wellington Management at a $7.1 billion valuation, bringing the company into its next phase focused on building a self-learning revenue engine that predicts and executes the next best actions for businesses. Co-founder Varun Anand said Clay will expand beyond GTM data and infrastructure into AI-driven recommendations across marketing, sales and product strategy, while launching a $1 million scholarship fund to train the next generation of go-to-market engineers. FOUNDERS: Varun Anand & Cole Turner INVESTOR: Wellington Management ROUND: Series D AMOUNT: $115,000,000 VALUATION: $7,100,000,000 HQ: New York, New York #VentureCapital #Clay #VarunAnand #ColeTurner #TradedVC