Ethan Agarwal
| Ethan Agarwal | |
|---|---|
| File:Ethan Agarwal.jpgEthan_Agarwal.jpg | |
| Born | 1985 Montreal, Canada |
| 🏳️ Nationality | American |
| 🎓 Alma mater | The Harker School Johns Hopkins University Wharton School of the University of Pennsylvania |
| 💼 Occupation | Entrepreneur, business executive |
Ethan Atin Agarwal (born 1985) is an American entrepreneur known for founding the digital fitness company Aaptiv and co-founding the financial technology firm The Coterie.[1][2] In July 2025, he announced his candidacy for Governor of California in the 2026 election.[3][4][5][6][7][8]
Early life and education
Agarwal was born in Montreal, Canada, and raised in Los Gatos, California. His father, Vinod K. Agarwal, was a professor of computer engineering and later founded LogicVision, a semiconductor company that went public on Nasdaq in October 2001.[9][10] Agarwal graduated from The Harker School in 2003.[11] He earned dual bachelor's degrees in economics and political science from Johns Hopkins University in 2006, graduating in three years. He was Executive Student Body President his final (junior) year.[12] He later received an MBA in finance from the Wharton School at the University of Pennsylvania in 2011.[13][14]
Career
Agarwal began his career as an investment banking analyst at Lehman Brothers in 2006. He later worked at LionEye Capital and McKinsey & Company.[15][16][10][17]
In 2015, Agarwal founded Aaptiv, an audio-based fitness platform offering guided workouts.[18][19][20][17][21][22] In 2016, the company raised $1.52 million in seed funding from Arena Ventures and Pear Ventures.[23][24] By 2017, Aaptiv reported over 200,000 users, a library of 2,500 classes.[20][25][26][27][28] That year, it was selected for Snapchat’s Snap Accelerate program.[29][30]
By 2018, Aaptiv had raised more than $52 million from investors including Insight Partners, Amazon Alexa Fund, Disney, and Warner Music Group.[31][32][33][34][35][36] The platform reportedly generated around $100 million in revenue and reached over one million paying members across 20 countries.[37] Agarwal stepped down as CEO in 2020 when the company was acquired by Pear Sports.[10]
In 2021, he co-founded The Coterie, a financial technology company focused on investment access and related services.[38][39][10][40][41] The company raised $52 million in funding led by Andreessen Horowitz, with additional backing from Initialized Capital, Gradient Ventures, and Pear VC.[37][42][43]As of 2022, The Coterie managed approximately $500 million in assets.[44][41]
Agarwal is also the founder and managing partner of DYA Capital, which took part in a $55 million land acquisition in Maricopa County, Arizona, related to data center development.[45][46][47]
He has spoken at industry events including CB Insights’ Future of Fintech, Web Summit, and the 2024 BFD Expert Voices panel.[48][49] He has appeared frequently on Bloomberg Technology and the podcast Okay, Computer to discuss trends in financial technology.[50][51]
Recognition
In 2017, Forbes included Aaptiv in its list of “Next Billion-Dollar Startups".[52] Aaptiv was also listed among the top-funded fitness startups by Crunchbase News[53] and was recognized as one of the top 100 workplaces in New York City based on employee surveys.[16]
In 2023, Agarwal presented the VK Agarwal Innovation Award at the Johns Hopkins University FastForward U Demo Day.[54][55]
References
- ↑ Gurkoff, Gene (2018-10-02). "Ethan Agarwal: Aaptiv's Founder Storming Fitness Apps". Charity Miles App. Archived from the original on 2025-07-10. Retrieved 2025-07-11. Unknown parameter
|url-status=ignored (help) - ↑ "Ethan Agarwal". Pear VC. Retrieved 2025-07-11.
- ↑ "California Secretary of State - CalAccess - Campaign Finance". cal-access.sos.ca.gov. Retrieved 2025-07-13.
- ↑ Primack, Dan (2025-08-25). "Exclusive: Tech entrepreneur Ethan Agarwal joins California gov race". Axios. Archived from the original on 2025-08-29. Retrieved 2025-08-30. Unknown parameter
|url-status=ignored (help) - ↑ Davis, Dominic-Madori (2025-08-25). "Tech founder throws hat in California governor's race". TechCrunch. Retrieved 2025-08-30.
- ↑ "'Unlike Zohran Mamdani...': Who is Ethan Agarwal, Indian-origin Silicon Valley entrepreneur, joining the California Guv race". The Times of India. 2025-08-27. ISSN 0971-8257. Archived from the original on 2025-08-28. Retrieved 2025-08-30. Unknown parameter
|url-status=ignored (help) - ↑ "Ethan Agarwal, Indian-origin entrepreneur in California Governor race: How his education shaped a Silicon Valley career". The Times of India. ISSN 0971-8257. Retrieved 2025-08-30.
- ↑ "Who is Ethan Agarwal? Indian-origin tech entrepreneur running for California governor is being compared to Zohran Mamdani". The Financial Express. 2025-08-27. Archived from the original on 2025-08-28. Retrieved 2025-08-30. Unknown parameter
|url-status=ignored (help) - ↑ "Vinod K. Agarwal". Semiconductor Engineering. Retrieved 2025-07-11.
- ↑ 10.0 10.1 10.2 10.3 "This Is How Former Aaptiv CEO Ethan Agarwal Transform Fitness With AI". 2024-07-22. Retrieved 2025-07-11.
- ↑ Luo, Claire (2019-10-03). "Alumnus Ethan Agarwal '03 addresses CareerConnect group". The Harker School. Retrieved 2025-07-11.
- ↑ "Some final presidential remarks - Guest Column". The Johns Hopkins News-Letter. Retrieved 2025-07-13.
- ↑ "Wharton Magazine" (PDF). Retrieved 11 July 2025.
- ↑ "Ethan Agarwal Biography". people.equilar.com. Retrieved 2025-07-11.
- ↑ "Ethan Agarwal - Co-Founder & CEO at The Coterie". THE ORG. Retrieved 2025-07-11.
- ↑ 16.0 16.1 Farber, Steve (2020-02-27). "Starting Up From The Ground Up With Ethan Agarwal Of Aaptiv". Retrieved 2025-07-11.
- ↑ 17.0 17.1 Peebles, Angelica (2018-06-18). "This fitness app wants you to have a personal trainer in your pocket". CNBC. Archived from the original on 2024-10-08. Retrieved 2025-07-11. Unknown parameter
|url-status=ignored (help) - ↑ Gritters, Jenni (2021-03-12). "Fitness for Everyone, Everywhere". Johns Hopkins Magazine. Retrieved 2025-07-11.
- ↑ "Reinventions Of The Subscription Business Model". PYMNTS.com. 2025-07-11. Archived from the original on 2025-07-19. Retrieved 2025-07-11. Unknown parameter
|url-status=ignored (help) - ↑ 20.0 20.1 Konrad, Alex. "Fitness App Aaptiv Reached $20 Million In Revenue In Two Years -- And Just Raised Even More". Forbes. Retrieved 2025-07-11.
- ↑ McCarthy, Alison (2018-11-15). "Wellness Newsletter: 'Spotify of Fitness' Aaptiv Takes Its Audio Workouts Global". Skift. Retrieved 2025-07-11.
- ↑ "Audio fitness app Aaptiv is headed for world domination". Fast Company. 2018-11-05. Archived from the original on 2022-07-06. Retrieved 2025-07-12. Unknown parameter
|url-status=ignored (help) - ↑ "Skyfit raises $1.52M Seed round from Arena Ventures and Pejman Mar Ventures". StartUp Beat. 2016-06-01. Retrieved 2025-07-11.
- ↑ "Skyfit Raises $1.52 Million Seed Round". citybuzz. Retrieved 2025-07-11.
- ↑ Bhardwaj, Prachi. "Aaptiv is the on-demand fitness app that lets you choose from 2,500 audio-guided classes — Here's how it works". Business Insider. Retrieved 2025-07-11.
- ↑ "Ethan Agarwal (Aaptiv)". Startup Grind. Retrieved 2025-07-11.
- ↑ Network, Founders (2018-02-01). "Growth Lessons from Ethan Agarwal". Founders Network. Archived from the original on 2025-08-13. Retrieved 2025-07-11. Unknown parameter
|url-status=ignored (help) - ↑ "Aaptiv - This is what fitness sounds like". my.aaptiv.com. Retrieved 2025-07-11.
- ↑ Dua, Tanya. "Snapchat is cozying up to startups with a dedicated discount program for their advertising needs". Business Insider. Retrieved 2025-07-11.
- ↑ "Snapchat offers ad incentives for startups | WARC". www.warc.com. Retrieved 2025-07-12.
- ↑ "This NYC Startup Just Raised $22M to Fix The Most Common Mistake You Make While Working Out – AlleyWatch". Archived from the original on 2025-06-21. Retrieved 2025-07-11. Unknown parameter
|url-status=ignored (help) - ↑ "Aaptiv Closes Series C With $52M Raised To Date". citybuzz. Retrieved 2025-07-11.
- ↑ Lunden, Ingrid (2018-06-20). "Aaptiv raises $22M from Amazon, Disney and more for its "Netflix for fitness", now valued over $200M". TechCrunch. Archived from the original on 2024-11-14. Retrieved 2025-07-11. Unknown parameter
|url-status=ignored (help) - ↑ Lunden, Ingrid (2020-04-14). "Fitness app Aaptiv raises from Insight Partners, launches Enterprise channel". TechCrunch. Archived from the original on 2024-10-26. Retrieved 2025-07-11. Unknown parameter
|url-status=ignored (help) - ↑ "Warner Music Group joins $22m funding round for digital fitness brand Aaptiv". Music Business Worldwide. 2018-06-20. Archived from the original on 2024-07-15. Retrieved 2025-07-12. Unknown parameter
|url-status=ignored (help) - ↑ "Amazon-Backed Fitness Startup Aaptiv Is Exploring a Sale". Bloomberg. Archived from the original on 2020-10-04. Retrieved 11 July 2025. Unknown parameter
|url-status=ignored (help) - ↑ 37.0 37.1 Cremades, Alejandro. "In spite Of 120 Investor Rejections, This Entrepreneur Has Raised $100 Million, Started Two Companies And Already Sold One Of Them". Alejandro Cremades. Archived from the original on 2025-03-15. Retrieved 2025-07-11. Unknown parameter
|url-status=ignored (help) - ↑ "The Coterie". THE ORG. Retrieved 2025-07-11.
- ↑ "The Coterie: Changing the Financial Landscape for Founders". View from Initialized. 2022-10-24. Retrieved 2025-07-11.
- ↑ Moriarty, George (2022-10-27). "Young, wealthy pros overturn traditional wealth management model". Axios. Retrieved 2025-07-12.
- ↑ 41.0 41.1 "Andreessen Bets on The Coterie, Eyeing Tech's Young and Wealthy". Bloomberg. Retrieved 11 July 2025.
- ↑ "Investing in The Coterie". Andreessen Horowitz. Retrieved 2025-07-11.
- ↑ "Aaptiv Closes Series C with $52m raised to date; Amazon Alexa Fund and Warner Music Group among new investors". BioSpace. 2018-06-20. Retrieved 2025-07-11.
- ↑ "The Coterie eyes tech's young and wealthy". www.investmentnews.com. Retrieved 2025-07-12.
- ↑ "Chamath Palihapitiya Joins $51M Arizona AI Datacenter Land Deal With Arizona Land Consulting's Anita Verma-Lallian". Retrieved 11 July 2025.
- ↑ Staff, B. E. X. (2025-06-04). "$51M Land Buy May Result in New West Valley Data Center". AZBEX. Archived from the original on 2025-06-23. Retrieved 2025-07-11. Unknown parameter
|url-status=ignored (help) - ↑ "Arizona Is Becoming the AI Infrastructure Capital of the U.S." The Silicon Oasis. Retrieved 11 July 2025.
- ↑ Onsite, Insight (2018-03-22). "Growth Gurus: Aaptiv Founder & CEO Ethan Agarwal". Insight Partners. Archived from the original on 2025-06-21. Retrieved 2025-07-11. Unknown parameter
|url-status=ignored (help) - ↑ "BFD Expert Voices - Fintech Deals". www.axios.com. Archived from the original on 2024-04-24. Retrieved 2025-07-11. Unknown parameter
|url-status=ignored (help) - ↑ "The Coterie Wants to Improve Tools for Retail Investors". Bloomberg. Retrieved 11 July 2025.
- ↑ "What's In Your Merger Agreement? with Trevor Marshall + Funders x Founder with Ajay Kamat & Ethan Agarwal - Risk Reversal". 2024-02-21. Archived from the original on 2025-07-08. Retrieved 2025-07-11. Unknown parameter
|url-status=ignored (help) - ↑ Adams, Susan. "The Next Billion-Dollar Startups 2017". Forbes. Archived from the original on 2025-07-30. Retrieved 2025-07-12. Unknown parameter
|url-status=ignored (help) - ↑ Dowling, Savannah (2018-12-19). "The Most-Funded Fitness Startups Helping You Break A Sweat". Crunchbase News. Retrieved 2025-07-11.
- ↑ "Vectech Wins VK Agarwal Innovation Award". Vectech. Retrieved 2025-07-11.
- ↑ Babcock, Stephen (2019-04-16). "Here's a look at 11 Johns Hopkins student startups working in health, VR and beverages". Technical.ly. Archived from the original on 2025-08-08. Retrieved 2025-07-11. Unknown parameter
|url-status=ignored (help)
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