EGYM, a German fitness technology and corporate wellness company, recently raised $200 million in a Series G funding round.
The round was led by L Catterton and Meritech Capital.
The company, which has raised over $600 million, intends to use the funds for the continued expansion of its wellness network and the development of digital solutions, smart strength equipment, and tech-enabled products for data-driven and personalized training.
EGYM, founded and led by CEO Philipp Roesch-Schlanderer, is a vertically integrated market business that partners with companies to improve employee health by providing access to fitness and health facilities.
They equip 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.
They also have a new AI-based software innovation called EGYM Genius which 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.
EGYM Genius connects all parts of the company’s ecosystem with over 200 connected partner brands.
EGYM has had rapid and profitable growth in Europe and has its vision set on transforming the US fitness market.
Previous investors in EGYM include Affinity Partners, Bayern Kapital, Mayfair Equity Partners, Kreos Capital, Highland Europe, HPE Growth, NGP Capital, European Investment Bank, High-Tech Gruenderfonds, and Cumulus Ventures.
