EGYM, a Munich, Germany-based fitness technology and corporate wellness company, raised approx. $200M in Growth funding.
The round was led by L Catterton and Meritech Capital.
The company intends to use the funds for the continued expansion of its wellness network and further development of digital solutions, smart strength equipment and tech-enabled products for data-driven and personalized training.
Led by CEO Philipp Roesch-Schlanderer, EGYM is a vertically integrated market business that partners with companies to improve employee health by providing access to fitness and health facilities. It also equips those facilities with smart gym equipment and digital solutions to offer an AI-driven workout experience for people of all skill levels.
The EGYM Wellpass corporate wellness network currently has 17,000 sports partners and 14,000 corporate customers with over three million eligible employees. Around 18,000 fitness and health facilities, including many of the world’s largest enterprise studio chains, use the company’s products and services.
In spring, EGYM presented its new, AI-based software innovation, EGYM Genius. It creates fully automated, personalized training plans (using the individual’s specific biological capabilities) that are precisely adapted to all the equipment in any fitness or health facility.
FinSMEs
25/09/2024