Gympass Raises $220M; Valued at $2.2 Billion


Gympass, a NYC-based corporate wellbeing platform provider, raised $220m in funding.

Backers in the round, which valued the company at $2.2 Billion, included Softbank, General Atlantic, Moore Strategic Ventures, Kaszek and Valor Capital Group.

The company intends to use the funds to accelerate growth in the US, improve the product experience and continue to expand into new categories.

Led by Cesar Carvalho, Co-founder and CEO, Gympass provides a wellbeing platform, covering fitness, therapy, mindfulness, and nutrition. With over 50,000 fitness partners, 1,300 on-demand classes, 2,000 hours of meditation, weekly 1:1 therapy sessions, and hundreds of personal trainers, Gympass supports every wellbeing journey. Worldwide companies in multiple markets across North America, Latin America, and Europe use it to support their employees’ health. Current clients include Santander, Accenture, Unilever, KPMG, and McDonalds. Additionally, the company signed new deals with major partners in the US including Barry’s, SoulCycle, F45, and Strava for fitness, and Calm, LifeSum, and Fabulous and more to accelerate expansion into holistic wellbeing.