EGYM raised $200M in a Series G funding round led by L Catterton and Meritech to expand in the U.K. and U.S. markets and develop an AI-based training assistant.

Sep 24, 2024•about 1 year ago

Amount Raised

$200 Million

DenverFitnessHealth Care

Investors

MeritechL Catterton

Description

Munich-based EGYM has successfully closed a Series G funding round exceeding $200 million. The company plans to use the funds to enhance its presence in the U.K. and U.S. markets and continue developing its AI-based fitness assistant, Genius.

Company Information

Company

EGYM

Location

Denver, Colorado, United States

About

EGYM is a global fitness technology leader providing fitness and health facilities with intelligent workout solutions. EGYM makes exercising smarter and more efficient with its comprehensive suite of connected gym equipment and digital products that integrate seamlessly with 3rd-party hard- and software. EGYM enables gym owners and operators to leverage a fitness technology ecosystem that delivers a fully connected workout experience for exercisers and drives measurable business and health outcomes on and off the fitness floor.

Related People

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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