fitness benefits

By Dave Muoio 11:54 am January 8, 2020
Online fitness membership platform ClassPass announced this morning the close of a hefty $285 million Series E investment round that, according to a spokesperson, propels the New York-based company’s valuation past the $1 billion mark. The new raise was led by L Catterton and Apax Digital, while prior backer Temasek also made an appearance. As a result of their participation, L Catterton’s Marc...
By Dave Muoio 02:55 pm December 19, 2019
Gympass, a platform for employer’s benefits programs that offers fitness class bookings to members, announced this week the acquisition of Lisbon, Portugal-based artificial intelligence company Flaner. With this, the Brazil-grown fitness platform will be opening up a new “Tech Hub” in Lisbon that will begin with Flaner’s current employees and expand to a full staff of 50, according to Gympass....
By Dave Muoio 01:48 pm June 12, 2019
Gympass, a platform that offers fitness classes through an employer’s benefits program, announced today new strategic funding led by SoftBank’s Vision Fund Lain America Fund, and support by previous backers such as General Atlantic, Atomico and Valor Capital Group. Bloomberg and others are pegging the investment at $300 million, lending the startup a $1 billion-plus valuation when taking its...
By Dave Muoio 10:39 am March 20, 2019
Peerfit, a Tampa Bay area company that makes a digital platform for fitness benefits, has kicked off its Series C funding round with an $18 million raise from Virgo Investment Group, according to a release. The new investment brings the company’s total backing to more than $40 million. With this, Virgo’s managing director, Pooja Goel, will also be joining Peerfit as its first female board member...
By Dave Muoio 03:09 pm November 19, 2018
Peerfit has unveiled a direct-to-consumer version of its digital platform for fitness benefits. Rather than offering employees redeemable fitness class credits through a paying employer, users can now choose the number of class credits they would like to receive through a pay-as-you-go subscription service. Access to the platform will run consumers $8.95 per month and then will require additional...
By Dave Muoio 09:02 am September 4, 2018
Peerfit, a Tampa Bay area company that makes a digital platform for fitness benefits, announced this morning that it has closed an additional $8 million in funding, bringing the company’s total backing to more than $23 million. The round was led by returning investors Ark Applications and PAR. "What this round represents for us is bringing in highly leveraged partners and resources to continue...