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Precor UK
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Precor UK
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UNITING THE WORLD OF FITNESS
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.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
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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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.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
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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Sponsored
Welcome to the world of creative fitness, where exercise and fun merge to change the way we train
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When Geoff Whitington started to see his life unravel as a result of diabetes, his sons Anthony and Ian gave up their jobs to help him change his lifestyle. This resulted in a new lease of life for all of them. Anthony Whitington, co-creator of BBC documentary, Fixing Dad, speaks to HCM’s Kath Hudson about the journey the family has been on, their mission to inspire others to engage with their health and the launch of new initiative, Fixing Us
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Company profile: Physical Company Ltd
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Company profiles
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Through our Life Fitness Solutions Partners, we can deliver design and build services, finance solutions, ...
Supplier Showcases
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Catalogue Gallery
Click on a catalogue to view it online
Directory
Trade associations
International SPA Association - iSPA: Trade associations
Spa software
SpaBooker: Spa software
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Lockers/interior design
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Exercise equipment
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Fitness equipment
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Wearable technology solutions
MyZone: Wearable technology solutions
Red Light Therapy
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Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Property & Tenders
Diary dates
03-04 Mar 2021
NEC, Birmingham, United Kingdom
Diary dates
03-06 Jun 2021
Expo Centre & Riviera di Rimini, Italy
Diary dates
12 Jun 2021
Worldwide, Various,
Diary dates
13-14 Jun 2021
Online,
Diary dates
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ExCeL London, London, United Kingdom
Diary dates
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Diary dates
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Precor UK
Precor UK