ClassPass, a New York, NY-based fitness subscription service, raised $40m in Series B funding.
The company, which has raised over $55 to date, intends to use the funds to accelerate growth and expansion to new cities in the US and expand its reach to international markets.
Led by Payal Kadakia, CEO and Co-Founder, ClassPass allows consumers to create their own personal fitness routine choosing from thousands of classes (including cycling, Pilates, yoga, boot camp, strength training, dance, etc.) in their city. Members can book unlimited workouts at studios for a fixed monthly subscription.
Launched in June 2013, the service has partnered with over 2,000 leading fitness studios across the country (in New York, Boston, Chicago, San Francisco, Los Angeles, Washington, D.C., Seattle, Portland, San Diego, Austin, Dallas-Fort Worth, Miami, Denver, Philadelphia, Atlanta, Phoenix-Scottsdale, Houston, Charlotte, Columbus, and Minneapolis-Saint Paul) with members booking over 1.5 million reservations to date.