Gympass, a New York-based corporate wellness platform, raised $85M in Series F funding, at $2.4 Billion valuation.

The round was led by EQT Growth, with participation from Neuberger Berman on behalf of its client funds, General Atlantic and Moore Strategic Ventures.

The company intends to use the funds to continue to accelerate its global expansion and product innovation, investing in its platform to enhance the user experience for both employers and employees.

Led by Cesar Carvalho, CEO, Gympass is a corporate wellness platform, offering a network of gyms, studios, classes, personal trainers, and wellness apps – all in one employee benefit. More than 15,000 companies use it to give their employees access to fitness and wellness partners.

The funding follows some milestones for Gympass, including:

Surpassing 15,000 corporate customers in July (up 80% YoY), including Aflac, Citizens Financial Group, Dignity Health, and Zendesk.

Surpassing two million employee subscribers in July and 300 million total member check-ins to its network of more than 50,000 partners.

Announcing new partnerships with wellness organizations, including 24 Hour Fitness, Barry’s Bootcamp, CorePower Yoga, Headspace, Lifetime, MyFitnessPal, Orangetheory Fitness, Sleep Cycle and Thrive Global.

Expanding into new, non-physical wellness categories including mental health, nutrition and financial wellness.

Releasing its first Return on Wellbeing Study, a survey of more than 2,000 human resource leaders that found 78% of wellness programs save companies money on healthcare expenses.

FinSMEs

23/08/2023