ClassPass, the gym-class subscription as a service, recently raised an $85M series D round led jointly by L Catterton and Temasek. With this new injection of capital, the total funding for ClassPass grows to $255M. This fitness-focused firm helps to encourage the clients to ‘work out where [they] want, when [they] want, and how [they] want’ by offering entry to a set number of gym classes from a variety of fitness providers for a subscription fee (paid per month). Moreover, the company also allows the clients to stream workout videos from industry and fitness sponsors, as well as allowing users to connect with friends to schedule and plan workouts together.
Alongside the investment, Michael Farello from L Catterton will join the ClassPass board.
ClassPass currently operates in over 26 cities and in over 50 countries. With Temasek, a Singaporean investment company, on board it is expected that ClassPass will expand its reach by 10 additional US cities and 20 additional countries globally by end of 2019.
Cyndx Finder Comparables:
These comparable companies have been generated using Cyndx Finder, a tool for Private Equity firms, Venture Capital Firms, and Investment Banks to analyze the entire Private Company universe and identify the most relevant and appropriate opportunities for acquisitions or market analysis.
myClubs operates as an e-commerce platform that enables its users to access sports classes, training, instruction, and courses throughout Austria and Switzerland.
GuavaPass delivers access to elite fitness classes in the Middle East and Asia. The Pass provides entry to unlimited classes while entering the GuavaCommunity forum to explore quality fitness studios and meet like-minded healthy living enthusiasts
OpenSweat is an app that offers discounts (50%) for last minute gym classes. Unlike most fitness apps, there is no monthly subscription model rather you pay for the classes as you take them.
Sources used to verify and support the funding history and company statistics: