Gympass Raises $85 Million at $2.4 Billion Valuation

Gympass is a global corporate wellness platform that provides employees with access to a wide range of physical activities, whether it’s yoga, swimming, or martial arts. With over 50,000 fitness centers, studios, and wellness providers worldwide, Gympass is dedicated to ensuring that employees have diverse options to suit their individual fitness preferences.  

Gympass has raised $85 million in a Series F funding round at a valuation of $2.4 billion. The new round was led by EQT Growth, with participation from Neuberger Berman. Moreover, General Atlantic and Moore Strategic Ventures have also doubled down on investing in Gympass by purchasing existing shares from earlier investors and current and former employees.  

Gympass, New York, United States, was founded in 2012 by Cesar Carvalho and Joao Barbosa. “Gympass is revolutionizing corporate wellness at a time where every company is making investments to drive efficient growth and reduce spending,” said Cesar Carvalho, CEO and co-founder of Gympass. “Organizations are shifting from reactive and traditional healthcare benefits that increase costs to more holistic and preventative wellness benefits that reduce costs and improve employee wellbeing and productivity. Our accelerated growth and new round of funding reflect validation of our model, that Gympass is uniquely positioned in any economic environment as companies seek innovative partners to reduce healthcare costs and improve employee wellbeing.”

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