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Health Club Management

Health Club Management

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UNITING THE WORLD OF FITNESS
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Health Club Management

Health Club Management

News

eGym raises US$20m to grow fitness platform in the US

Germany-based fitness startup eGym has secured US$20m (€18m, £15m) worth of financing led by NGP Capital.

eGym, which provides fitness equipment and software-based training solutions to health clubs, will use the funding to "aggressively accelerate" its international expansion, with a focus on the US market as well as the corporate wellness offering. The company currently supplies its training products to nearly 14,000 gyms and businesses across Europe and the US.

As well as NGP Capital, the latest round of funding was supported by existing investors Highland Europe and HPE Growth Capital.

"The US is by far the largest market for eGym, and we need to be there,” said eGym co-founder and CEO Philipp Roesch-Schlanderer.

“Working with NGP Capital, we now have a knowledgeable digital health investor with an extensive US network to help guide our global expansion efforts.

"We have an ambitious vision, because we want to solve two problems that we believe are interlinked – health care costs are skyrocketing and existing fitness solutions often fail to deliver outcomes.

"Therefore we are building a gym platform that allows global goers to achieve their training goals and connect that to the corporates via our corporate wellness marketplace”.

eGym provides fully electronic strength machines, eGym mobile Apps, and eGym ONE, an open cloud platform that connects to services and devices both inside and outside the gym.

Companies that have partnered with the ONE Cloud include Precor, Matrix Fitness and Life Fitness.

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Germany-based fitness startup eGym has secured US$20m (€18m, £15m) worth of financing led by NGP Capital.
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News

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SIBEC
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Features
Strength
Do you need strength training kit that fits a smaller space? Julie Fisher takes a look at the options
Features
Analysis
Features
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Being a touring musician can be tough on your wellbeing, so country music star, Tim McGraw, developed his own workouts to stay fit. Now he’s collaborating with Snap to launch a gym brand
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Software
New technology is transforming the way the health and fitness industry functions and interacts with customers. Liz Terry catches up with operators around the industry for an update
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Getting retention right is the key to success in gyms with memberships. Paul Bedford has turned retention into a science. We share case studies and top tips from the latest retention research
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People
I feel stronger in training, daily life tasks are easier and I’ve gained greater confidence that I can take on these challenges
People
I believe innovation can only truly flourish when established concepts make way for it
People
It’s inspiring to be part of a company and an industry that positively empowers people to change their lives. It means I can show up and be my best self, and in turn I hope I can lead and inspire people to be their best too
People
We’ll soon be starting work on a mega club, called Eden RAW, which will have four boutique offerings under one roof and is expected to launch in the first quarter of 2020
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Fitness is cool, but sport is also a significant growth market for the health club industry and it’s important for us to share what we’ve learned through our Olympic contracts
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This type of studio was unusual for Cornwall at the time and introduced concepts which were new to many people, including online booking and the first hot yoga studio on the county’s north coast
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We help people break bad habits and change their lifestyles for better health. By monitoring our members’ progress and keeping in touch via our app, we guarantee results
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The amount of change in just the past five years has been enormous. The make up of the top 10 brands is unrecognisable: some of those who considered themselves the market leaders are now gone, replaced by challengers
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In every class, we invite participants to unleash their inner rockstars, let themselves go and rock out with a community of like-minded friends. They can healthily release their aggression and feel a sense of freedom
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In just a one-month period, we saw a 77 per cent uplift in revenue
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Move GB: Member access schemes
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Ojmar: Locking solutions
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Sothys: Skincare
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Total Vibration Solutions Ltd: Flooring
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International SPA Association - iSPA: Trade associations
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Miha Bodytec GmbH: Fitness equipment
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Lockers/interior design
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Professional services
Deloitte UK: Professional services
Property & Tenders
New Brighton, Wirral, Merseyside
Wirral Borough Council
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Porters Commercial
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Diary dates
24-25 Apr 2019
Business Design Centre, London, United Kingdom
Diary dates
05-10 May 2019
Gold Coast Convention and Exhibition Centre, Queensland, Australia
Diary dates
Les Mills
Les Mills