Peloton may launch new treadmill and bike. A Bloomberg report said that the new treadmill might cost less than $3,000, while the new bike would be a premium model. Due to the pandemic and the closure of gyms and other regular indoor exercise areas, the company has been on an upswing. [Built In NYC]
Mulberry nearing $10M ARR. The company offers a warranty service for direct-to-consumer brands. The need for its services has only grown as shoppers have moved to more online orders. [TechCrunch]
Trade raised $9M. The coffee subscription service saw a boost in business due to the pandemic. Its number of subscribers more than tripled over the past few months. Madrona led the funding round. [Built In NYC]
Bodhala added new VP of sales and partnerships. The legal tech company offers a solution for e-billing, legal spend and cost savings. Jim Dougherty joined the team with deep technology, SaaS, and legal sales experience. [Press Release]
Pharmapacks closed $40M bridge round financing. The company offers an e-commerce enablement platform. Reckitt Benckiser, The Craftory, The Straus Group, The Emerson Group, and Sawaya Capital Partners led the investment. [PRNewswire]
