Gympass Hits $2.4B Valuation After Latest Funding Round

August 23, 2023

Gympass, a top corporate wellness platform, has raised $85 million in a Series F funding round at a valuation of $2.4 billion, an eye-watering number given the struggles of other fitness industry companies in the current economic environment.

EQT Growth led the funding round, with participation from Neuberger Berman Group on behalf of the investment firm’s client funds. In addition to the Series F, General Atlantic and Moore Strategic Ventures increased their stakes in Gympass by purchasing existing shares from earlier investors and current and former employees. Athletech News