Gympass is a corporate wellness platform led by CEO Cesar Carvalho that aggregates a network of more than 50,000 fitness and wellness partners into a single employee benefit. Its offering includes gyms, studios, classes, personal trainers and wellness apps, and the company has expanded into non-physical wellness categories such as mental health, nutrition and financial wellness. As of July the platform serves more than 15,000 corporate customers and over two million employee subscribers, and has recorded roughly 300 million total member check-ins. Gympass has announced partnerships with brands including 24 Hour Fitness, Barry’s Bootcamp, CorePower Yoga, Headspace, Lifetime, MyFitnessPal, Orangetheory Fitness, Sleep Cycle and Thrive Global. The company released a Return on Wellbeing Study of more than 2,000 HR leaders that found 78% of wellness programs save companies money on healthcare expenses. Gympass intends to use its new funding to accelerate global expansion and product innovation and to invest in its platform to enhance the user experience for both employers and employees. Led by co-founder and CEO Cesar Carvalho, Gympass provides a corporate wellbeing platform covering fitness, therapy, mindfulness and nutrition. The platform connects more than 50,000 fitness partners, offers 1,300 on-demand classes, 2,000 hours of meditation, weekly one-to-one therapy sessions and hundreds of personal trainers. Worldwide companies across North America, Latin America and Europe use Gympass to support employee health; current clients include Santander, Accenture, Unilever, KPMG and McDonalds. The company has signed new U.S. partnerships with Barry’s, SoulCycle, F45 and Strava and expanded digital offerings with Calm, LifeSum and Fabulous. Gympass raised $220M in a funding round that valued the company at $2.2 billion. It intends to use the proceeds to accelerate growth in the U.S., improve the product experience and expand into new wellbeing categories. Gympass is a corporate wellness platform that connects employees to gyms, studios, and other physical-activity options via a technology-powered wellness solution. The company operates in multiple markets across Latin America, North America, and Europe and claims a global network of almost 47,000 gyms. Gympass serves more than 2,000 corporate clients that use its program to drive employee engagement and individual performance. Product and technology enhancements aim to deliver a more personalized user experience and universal access for all employees across client corporations. Management says the company plans to accelerate growth and expand its solution to more organizations worldwide. The company recently raised $300 million at a valuation of more than $1 billion.

Total raised

$605M

Funding rounds

3

Latest round

Series F

Latest activity

Aug 2023