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Les Mills International
Les Mills International
Les Mills International
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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).

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
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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Diary dates
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07-10 Apr 2022
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15-16 Jun 2022
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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).

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
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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Miha Bodytec GmbH
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1 - 20 of 12,045
HCM Magazine
Letters
We’re asking the music industry to reinstate the Online Music Fitness Licence and to simplify music licencing arrangements
HCM Magazine
Sponsored
Les Mills is launching a new digital network called Les Mills Connect to help clubs build back better and emerge from the pandemic with a stronger business
HCM Magazine
Sponsored
Billed as the ‘2021 Experience Tour’, Egym has taken its connected gym floor experience on the road around the UK
HCM Magazine
Policy
Generations rarely have the opportunity to reset public opinion and effect behaviour change for good, but post-pandemic two unequal movements with a lot in common will be the focus of governments, says David Minton
HCM Magazine
Editor's letter
The appetite for health clubs is strong among consumers and investors – to take advantage of this, operators must figure out how to meet key challenges in operationally sustainable ways
HCM Magazine
Hybrid
The Gym Group has taken its digital hybrid strategy full circle, piloting in-gym workout pods and studios with its home workout delivery partner, Fiit. HCM talks to the team driving the project
HCM Magazine
Supplier launch
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HCM magazine
Our competition need to fasten their seatbelts
HCM magazine
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Featured supplier news
Featured supplier news: Technogym awarded “Supplier of the year” at ukactive awards 2021
The best in class of the physical activity sector have been revealed at the ukactive Awards 2021.
Featured supplier news
Featured supplier news: Shipping gym equipment from Europe to the UK
Despite the Prime Minister’s claims that trade with the EU would be tariff-free post-Brexit, the reality has become very different when importing gym equipment from the EU.
Featured operator news
Featured operator news: Being active helps Parkwood Leisure customers save the NHS £16m
Parkwood Leisure, one of the UK’s leading public leisure facilities operators, helped prevent more than 7,000 cases of stroke, dementia, depression and type 2 diabetes in 2019, saving the NHS £16 million, a new social value report has shown.
Featured operator news
Featured operator news: Everyone Active bolsters Everyone on Demand and enters second year with five new partnerships
Everyone Active has signed a number of new deals which will see the operator strengthen its digital product offering, Everyone on Demand.
Company profiles
Company profile: Proinsight Mystery Shopping
We take time at the outset to understand your unique customer journey. Then we work ...
Company profiles
Company profile: REGUPOL BSW GmbH
REGUPOL is one of the leading suppliers of sports and safety flooring, anti-slip mats for ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Exercise equipment
Matrix Fitness: Exercise equipment
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Salt therapy products
Saltability: Salt therapy products
Skincare
Comfort Zone - Davines S.p.A: Skincare
Whole body cryotherapy
Art of Cryo: Whole body cryotherapy
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Management software
Premier Software Solutions: Management software
Lockers/interior design
Crown Sports Lockers: Lockers/interior design
trade associations
International SPA Association - iSPA: trade associations
Red Light Therapy
 Red Light Rising: Red Light Therapy
Property & Tenders
Welwyn Garden City
Welwyn Hatfield Borough Council
Property & Tenders
Newport, Shropshire
Lilleshall Sports Academy
Property & Tenders
Diary dates
01-03 Feb 2022
Coventry Building Society Arena, Coventry, United Kingdom
Diary dates
07-10 Apr 2022
Exhibition Centre , Cologne, Germany
Diary dates
15-16 Jun 2022
ExCeL London, London, United Kingdom
Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates
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Les Mills International
Les Mills International