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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.
HAF,FIT,IND,PTS,SAM,TEC
imagesX/THUMB339858_246213_60603.jpg
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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.

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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.

Sign up for FREE ezines & magazines
Germany-based fitness startup eGym has secured US$20m (€18m, £15m) worth of financing led by NGP Capital.
HAF,FIT,IND,PTS,SAM,TEC
imagesX/THUMB339858_246213_60603.jpg

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Company profiles
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Catalogue Gallery
Click on a catalogue to view it online
Directory
Exercise equipment
Eleiko Sport AB: Exercise equipment
Flooring
Total Vibration Solutions Ltd: Flooring
Member access schemes
Move GB: Member access schemes
Fitness equipment
FunXtion International BV: Fitness equipment
Trade associations
International SPA Association - iSPA: Trade associations
Direct debit solutions
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Architects/designers
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Diary dates
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Diary dates
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