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JP Lennard
JP Lennard
JP Lennard
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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

Gympass secures Softbank investment – company now 'valued at US$1bn'

We believe this partnership will enable us to bring our solution to more organisations around the world
– Cesar Carvalho

Corporate fitness sales specialist Gympass has secured additional financial backing believed to be around US$300m (€265m, £237m).

Led by Japan-based SoftBank Vision Fund and its SoftBank Latin America Fund, the funds will be used to further grow the business – including "major enhancements in product and technology" for a "more personalised user experience".

Gympass, which was founded in 2012, currently works with more than 2,000 corporations across 14 countries, providing staff with monthly fitness passes to a partnership network of 47,000 gyms and health clubs.

"We believe this partnership will enable us to bring our solution to more organisations around the world, revolutionising the way that employees engage in physical activity," said Cesar Carvalho, co-founder and CEO of Gympass.

Speaking to media, Carvalho said that, following the latest investment, the Brazil-based business – which is backed by the likes of General Atlantic, Atomico, and Valor Capital Group – will be valued at more than US$1bn (€885, £789m).

Corporate fitness sales specialist Gympass has secured additional financial backing believed to be around US$300m (€265m, £237m).
HAF,FIT,IND,PTS,SAM,TEC
imagesX/THUMB342257_699492_532331.jpg
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We never want to lose customers. We want people to trust and stay with us forever, not just for 12 or 14 months
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News

Gympass secures Softbank investment – company now 'valued at US$1bn'

We believe this partnership will enable us to bring our solution to more organisations around the world
– Cesar Carvalho

Corporate fitness sales specialist Gympass has secured additional financial backing believed to be around US$300m (€265m, £237m).

Led by Japan-based SoftBank Vision Fund and its SoftBank Latin America Fund, the funds will be used to further grow the business – including "major enhancements in product and technology" for a "more personalised user experience".

Gympass, which was founded in 2012, currently works with more than 2,000 corporations across 14 countries, providing staff with monthly fitness passes to a partnership network of 47,000 gyms and health clubs.

"We believe this partnership will enable us to bring our solution to more organisations around the world, revolutionising the way that employees engage in physical activity," said Cesar Carvalho, co-founder and CEO of Gympass.

Speaking to media, Carvalho said that, following the latest investment, the Brazil-based business – which is backed by the likes of General Atlantic, Atomico, and Valor Capital Group – will be valued at more than US$1bn (€885, £789m).

Corporate fitness sales specialist Gympass has secured additional financial backing believed to be around US$300m (€265m, £237m).
HAF,FIT,IND,PTS,SAM,TEC
imagesX/THUMB342257_699492_532331.jpg

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HCM Magazine
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We always contact guests ahead of their visit, to encourage them to visit the gym as part of their stay, as well as doing follow-ups
HCM Magazine
Evidence
Tom Walker investigates how £2.2bn worth of London 2012 legacy investment has failed to empower teachers
HCM Magazine
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For years the sector has used participation numbers as a measure of success, but policymakers are now calling for a change to measuring outcomes, so value can be established
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Video Gallery
Sport Alliance GmbH
Total Vibration Solutions / Floors 4 Gyms / TVS Sports Surfaces
Company profiles
Company profile: YOUR Personal Training
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Company profiles
Company profile: TANITA
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Supplier Showcases
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Catalogue Gallery
Click on a catalogue to view it online
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Featured press releases: Double Olympic Champion Rebecca Adlington breaks ground ahead of new Rainham Leisure Centre
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Directory
On demand
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Spa software
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Architects/designers
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Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
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