eGym, a Munich, Germany-based high tech fitness company, raised $45m in Series C funding.
The round was led by new investor HPE Growth Capital with participation from existing backer Highland Europe and others.
The company intends to use the funds to accelerate growth and invest in the expansion of the technology and digitization strategy.
Led by Philipp Roesch-Schlanderer, founder and CEO, eGym provides a combination of proprietary smart hardware and software, which gives gym operators essential information about their members and enables gym members to receive a personalized, dynamic training plan which automatically synchronizes to each machine as soon as the user engages with the equipment. It also offers one app for both members and personal trainers to simplify operations and cover the fitness process.
The training area is connected by the eGym system, which provides software that integrates with a number of devices from third party manufacturers.
eGym has also developed the eGym Trainer App and the eGym Member App, which provide networked training plans to improve the fitness experience. It also offers a full range of 18 internetconnected strength exercise machines for every major muscle group.
All exercise results are stored in a cloud.