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NEWS
Gympass secures Softbank investment – company now 'valued at US$1bn'
POSTED 21 Jun 2019 . BY Tom Walker
Gympass operates in 14 countries and offers corporate fitness deals through a partnership network of gyms and health clubs

We believe this partnership will enable us to bring our solution to more organisations around the world
– Cesar Carvalho
Corporate fitness sales specialist Gympass has secured additional financial backing believed to be around US$300m (€265m, £237m).

Led by Japan-based SoftBank Vision Fund and its SoftBank Latin America Fund, the funds will be used to further grow the business – including "major enhancements in product and technology" for a "more personalised user experience".

Gympass, which was founded in 2012, currently works with more than 2,000 corporations across 14 countries, providing staff with monthly fitness passes to a partnership network of 47,000 gyms and health clubs.

"We believe this partnership will enable us to bring our solution to more organisations around the world, revolutionising the way that employees engage in physical activity," said Cesar Carvalho, co-founder and CEO of Gympass.

Speaking to media, Carvalho said that, following the latest investment, the Brazil-based business – which is backed by the likes of General Atlantic, Atomico, and Valor Capital Group – will be valued at more than US$1bn (€885, £789m).
Sign up here to get your choice of the Spa Business and Spa Business insider weekly ezines, breaking news alerts and every issue of Spa Business and Spa Business insider magazines FREE on digital.
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Uniting the world of spa & wellness
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News   Products   Magazine   Subscribe
NEWS
Gympass secures Softbank investment – company now 'valued at US$1bn'
POSTED 21 Jun 2019 . BY Tom Walker
Gympass operates in 14 countries and offers corporate fitness deals through a partnership network of gyms and health clubs
We believe this partnership will enable us to bring our solution to more organisations around the world
– Cesar Carvalho
Corporate fitness sales specialist Gympass has secured additional financial backing believed to be around US$300m (€265m, £237m).

Led by Japan-based SoftBank Vision Fund and its SoftBank Latin America Fund, the funds will be used to further grow the business – including "major enhancements in product and technology" for a "more personalised user experience".

Gympass, which was founded in 2012, currently works with more than 2,000 corporations across 14 countries, providing staff with monthly fitness passes to a partnership network of 47,000 gyms and health clubs.

"We believe this partnership will enable us to bring our solution to more organisations around the world, revolutionising the way that employees engage in physical activity," said Cesar Carvalho, co-founder and CEO of Gympass.

Speaking to media, Carvalho said that, following the latest investment, the Brazil-based business – which is backed by the likes of General Atlantic, Atomico, and Valor Capital Group – will be valued at more than US$1bn (€885, £789m).
Sign up here to get your choice of the Spa Business and Spa Business insider weekly ezines, breaking news alerts and every issue of Spa Business and Spa Business insider magazines FREE on digital.
RELATED STORIES
FEATURE: Promotional feature: Gympass


Gympass and Bannatyne extend their partnership
Gympass signs deal to provide fitness to workspace giant IWG


Corporate fitness sales specialist Gympass has secured a partnership deal with IWG, one of the world’s largest workspace providers.
Gympass secures three-year Bannatyne extension – expands reach to all 72 clubs


Corporate fitness sales specialist Gympass has secured a three-year extension to its deal with premium fitness operator Bannatyne.
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The UK's four Chief Medical Officers have published a refreshed edition of Physical activity guidelines: UK Chief Medical Officers' report, updating the evidence that underpins the nation's physical activity recommendations and placing greater emphasis on strength, balance, reducing sedentary behaviour and, for the first time, supporting people taking weight loss medications.
Sauna advocate Becky Pelkonen drafts global public sauna-bathing charter
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Marriott International partners with Fitwel for wellness solutions across its residential portfolio
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HPO Tech brings design-led hyperbaric systems to the spa floor
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+ More featured suppliers  
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ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2026
ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS