Gympass secures US$220m funding round – says company now valued at US$2.2bn
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
énergie fitness
Competitive
Warrington, UK
City University of London
£30,046 - £36,914
London, UK
Great Aycliffe Town Council
£28,672 - £29,577
Oak Leaf Sports Complex, Newton Aycliffe
star job
Fleckney Parish Council
£23,080 to £24,491 (Pay Award Pending)
Fleckney, Leicester, UK
Everyone Active
Competitive
South Oxhey Leisure Centre, Watford

Gympass secures US$220m funding round – says company now valued at US$2.2bn

Gympass has secured US$220m worth of investment
The company says the latest funding round values the corporate fitness platform at US$2.2bn
The investment follows Gympass seeing an all-time high volume in key metrics
Job opportunities
Fleckney Parish Council
£23,080 to £24,491 (Pay Award Pending)
location: Fleckney, Leicester, UK
Trinity School
£10.85 per hour
location: Shirley Park, Croydon, United Kingdom
Leeds City Council
£35,745 - £38,890
location: Leeds, UK
more jobs

Gympass has secured US$220m worth of investment as part of a funding round that, according to the company, values the corporate fitness platform at US$2.2bn.

The funding was provided by Softbank, General Atlantic, Moore Strategic Ventures, Kaszek and Valor Capital Group.

The investment follows Gympass seeing an all-time high volume in key metrics.

In May, Gympass saw a record 4 million monthly visits across its network of more than 50,000 global partners.

According to Cesar Carvalho, co-founder and CEO of Gympass, many of the company's clients are experiencing usage above pre-pandemic levels, with markets such as the US and the UK leading the way with "unprecedented growth in the demand for in-person fitness".

"We’ve already seen a surge in gym and studio visits as countries begin to open up, and we fully expect even greater momentum as people head back to the office,” Carvalho said.

“We’ve created the most complete wellbeing platform, covering fitness, therapy, mindfulness, and nutrition.

"The additional funding will help us fuel further growth in the US, improve the product experience and continue to expand into new categories, as we continue on our mission to make wellbeing universal."

Carvalho credits the company's performance on its expansion beyond in-person fitness.

Since March 2020 – and the start of the COVID-19 pandemic – Gympass has seen 3.5 million sessions with its digital partners.

“Similar to the hybrid work model that many have adapted due to the pandemic, we’re seeing a similar trend when it comes to fitness and wellbeing," Carvalho said.

"Now, people are mixing in-person visits to gyms and boutique studios with digital, using meditation apps, nutrition offerings, in addition to other wellness offerings on the Gympass platform.

"We’ve seen firsthand that this is a change that will continue into the future and we look forward to expanding our reach and services to continue to support people’s overall wellbeing,”

Earlier this month, Gympass announced that UK consumers can now get PT sessions on the platform, following a successful launch of the PT service earlier this year in Brazil and the USA.

The Gympass business model is based on the company partnering with employers, who then pay a flat fee for employees to access the platform, allowing them to choose fitness and wellness plans – including access to in-person gyms and studios, as well as apps.

Sign up for FREE ezines & magazines
Gympass has secured US$220m worth of investment as part of a funding round that, according to the company, values the corporate fitness platform at US$2.2bn.
HAF,FIT,IND,PTS,TEC
2021/THUMB348027_643781_410924.jpg

More News

1 - 15 of 43,386
30 Jul 2021
Industry body ukactive has joined the chorus of organisations across a number of sectors calling the government's new National Disability Strategy a "missed opportunity". While ... More
30 Jul 2021
German fitness operator BestFit Group has acquired regional gym chain EuroFit for an undisclosed sum. The deal will see BestFit add all five EuroFit clubs ... More
29 Jul 2021
The Jorvik Group has launched a major global art project which will connect 14 cities around the world. Working in partnership with the York Guild ... More
29 Jul 2021
The US fitness industry lost around 58 per cent of its revenues during 2020, due to the pandemic and the subsequent lockdowns and club closures. ... More
28 Jul 2021
Speaking exclusive to HCM, Ralph Scholz and Nathalie Smeeman have confirmed that B2B trade show FitnessConnected will go ahead this year as a face-to-face event. ... More
27 Jul 2021
The Pingdemic of people receiving notifications on their phones, telling them to self-isolate because of contact with COVID-19 cases, is threatening to create staff shortages ... More
Spa Life UK
Spa Life UK
27 Jul 2021
Xponential Fitness has completed its initial public offering (IPO), becoming the second major franchised operator – after F45 Training – to go public this month. ... More
27 Jul 2021
The Gym Group has extended its partnership with digital fitness platform Fiit, becoming the first budget gym operator to offer its members a hybrid club-in-club ... More
26 Jul 2021
The world's largest fitness trade fair, FIBO, has been rescheduled again and will now take place from 7 - 10 April 2022, marking a return ... More
23 Jul 2021
Rainer Schaller, founder of budget gym megabrand McFIT, says that the global fitness industry will have to prepare for permanent life with COVID-19 – but ... More
23 Jul 2021
The most high-risk and controversial Olympics of modern times begin today (23 July) in Tokyo, having been delayed for a year due to the COVID-19 ... More
22 Jul 2021
Further research into the levels of positive COVID-19 cases among those to have visited fitness clubs and leisure facilities is currently being developed by EuropeActive. ... More
Life Fitness (UK) Ltd
Life Fitness (UK) Ltd
22 Jul 2021
Planning approval has been granted to what is set to become one of the first Passivhaus-certified leisure buildings in the world. The new Spelthorne Leisure ... More
21 Jul 2021
Digital fitness content provider, Wexer, is launching a new wellness resource on its connected Web Player. Called Mind123, it will focus on wellness rather than ... More
21 Jul 2021
Leisure-net has revealed plans to transform its active-net business event from an annual face-to-face gathering into a monthly hybrid event. With a different theme each ... More
Miha Bodytec GmbH
Miha Bodytec GmbH
1 - 15 of 43,386
Les Mills International
Les Mills International