Gympass secures Softbank investment – company now 'valued at US$1bn'
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
Luxe Fitness
Competitive
Bristol, UK
énergie fitness
Competitive
Woolwich, London, UK
Active IQ
Competitive
Nationwide
CV Life
Competitive salary
Coventry, UK
Parkwood Holdings
Circa £35,000 per annum
South East

Gympass secures Softbank investment – company now 'valued at US$1bn'

Job opportunities
training opportunity
Focus Training
location: Nationwide, United Kingdom
Train with Adby
Competitive
location: Stockport, UK
more jobs
We believe this partnership will enable us to bring our solution to more organisations around the world
– Cesar Carvalho

Corporate fitness sales specialist Gympass has secured additional financial backing believed to be around US$300m (€265m, £237m).

Led by Japan-based Softbank Vision Fund and its SoftBank Latin America Fund, the funds will be used to further grow the business – including "major enhancements in product and technology" for a "more personalised user experience".

Gympass, which was founded in 2012, currently works with more than 2,000 corporations across 14 countries, providing staff with monthly fitness passes to a partnership network of 47,000 gyms and health clubs.

"We believe this partnership will enable us to bring our solution to more organisations around the world, revolutionising the way that employees engage in physical activity," said Cesar Carvalho, co-founder and CEO of Gympass.

Speaking to media, Carvalho said that, following the latest investment, the Brazil-based business – which is backed by the likes of General Atlantic, Atomico, and Valor Capital Group – will be valued at more than US$1bn (€885, £789m).

Sign up for FREE ezines & magazines
Corporate fitness sales specialist Gympass has secured additional financial backing believed to be around US$300m (€265m, £237m).
HAF,FIT,IND,PTS,SAM,TEC
imagesX/THUMB342257_699492_532331.jpg

More News

1 - 15 of 41,989
13 Sep 2019
Four Seasons has teamed up with fitness expert and Four Seasons Global Fitness Advisor Harley Pasternak, have teamed up to create a comprehensive video series ... More
13 Sep 2019
A regional active play scheme targeting two to four-year-olds has been credited with providing a "wholly positive impact" on children’s attitude to learning – and ... More
13 Sep 2019
Self Esteem Brands, the parent company of Anytime Fitness, has purchased The Bar Method – a low-impact fitness franchise with 123 studios across US and ... More
12 Sep 2019
A radical ring-shaped aquatic centre with wellness facilities and outdoor green space – designed by Andrew Burges Architects, Grimshaw Architects and McGregor Coxall – is ... More
12 Sep 2019
Female-only fitness franchise Vivafit has opened its fifth studio in India – a 110sq m location in the city of Gurgaon. The location – owned ... More
12 Sep 2019
Professional football clubs should introduce wide-ranging measures – such as introducing returnable beer cups – to eliminate single-use plastics from their stadiums. That is the ... More
EMD UK
EMD UK
11 Sep 2019
The Apex City Quay Hotel & Spa in Dundee, Scotland, is undergoing a major refurbishment worth a reported £1.4m. Work has already begun on the ... More
11 Sep 2019
Sport Ireland is to invest more than €3m (£2.7m) as part of plans to create more sporting opportunities for women and girls in the country. ... More
11 Sep 2019
A study has claimed that "millions of disabled people" are not being catered for at UK gyms and health clubs. Issues highlighted in the latest ... More
11 Sep 2019
Fitness Franchise F45 has signed a partnership deal with Everyone Active, which will see F45-branded studios open at publicly-owned leisure centres. Australia-based F45, which offers ... More
10 Sep 2019
The historic city of Bath, England will host a festival this month featuring a series of walks, talks and activities themed around making a city ... More
06 Sep 2019
On the heels of wellness evidence spotlighting research showing that yoga breathing and relaxation lower blood pressure as much as aerobic exercise, the nonprofit Global ... More
Focus Training
Focus Training
10 Sep 2019
Older people who have never taken part in sustained exercise programmes have the same ability to build muscle mass as highly trained master athletes of ... More
10 Sep 2019
Tottenham Hotspur is introducing the first stand-alone NFL visitor attraction outside of the US, with the football club adding an American Football tour to its ... More
10 Sep 2019
An interactive toolkit has been launched to help schools in England reframe competition in school sports. Developed by children's charity Youth Sport Trust (YST), the ... More
STA
STA
1 - 15 of 41,989
Manchester Metropolitan University
Manchester Metropolitan University