Gympass raises USDm 220

Gympass, the international fitness club aggregator, has raised USD 220 million in a funding round led by existing investor SoftBank Group Corp, more than doubling its valuationund to USD 2.2 billion. Other investors participating in the round included General Atlantic, Moore Strategic Ventures, Kaszek and Valor Capital Group.

Founded in Brazil, Gympass enables companies to offer their employees access to gyms through a network of over 50,000 gyms around the world. The company, which was valued at more than USD 1 billion in a 2019 funding round led by SoftBank Vision Fund and SoftBank Latin America Fund, also offers therapy and sleep counselling services to its customers through its platform. Gympass is currently seeing double-digit month-on-month customer growth and its US fitness partners include Gold's Gym, Soulcycle, F45 and Crunch Fitness.

"We've already seen an increase in visits to gyms and fitness centres as countries began to open up, and we expect even greater momentum as people head back to the office," comments Cesar Carvalho, co-founder and chief executive officer of Gympass. "Sleeping better, eating better, exercising, making sure mental and emotional health is in the right place, all of these will be a much bigger part of our routine," adds Carvalho.

The funding is expected to help Gympass expand in the US and move into new categories as people refocus on their wellbeing in the wake of the pandemic.

Quelle: Gympass, Reuters
Bildmaterial: Gympass

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