EGYM Raises $200M, Hits $1B+ Valuation
EGYM, a fitness equipment and technology company, has raised $200 million in new funding and achieved a valuation of over $1 billion. This funding will support EGYM's expansion of its tech-enabled ecosystem to bridge fitness and healthcare.
EGYM, a fitness equipment and technology company, has raised $200 million in new funding and achieved a valuation of over $1 billion. This funding will support EGYM’s expansion of its tech-enabled ecosystem to bridge fitness and healthcare.
EGYM’s strength machines prescribe and track workouts to quantify health outcomes. By integrating a corporate wellness solution and AI-powered training plans, EGYM aims to prevent chronic conditions through strength training. The company supplies machines to 18,000 global fitness and health facilities and has acquired companies like Hussle and FitReserve to reach 16,000 employers.
EGYM believes that the gym is central to the future of fitness and healthcare, and its US expansion will be crucial. The company has spent over a decade building a vertically integrated exercise experience, successfully equipping club operators, employers, and health-seekers. EGYM’s ability to triage, track, and train sets the foundation for the gym-as-clinic approach.
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