Gympass

Gympass

Subscription-based fitness and wellness platform

About

Gympass provides a subscription-based platform that connects users to a variety of fitness and wellness resources, including gyms, fitness studios, live online classes, wellness apps, and virtual personal training. The service is primarily aimed at corporate clients, integrating into employee benefits programs to enhance employee health and well-being. Users can choose from tiered membership plans, ranging from basic access to premium options, with prices varying based on the level of service. This model allows Gympass to cater to different fitness needs and budgets, while generating revenue through monthly subscription fees and partnerships with employers who may subsidize membership costs. Gympass stands out by offering a flexible and comprehensive fitness solution that can be customized for individual users, promoting healthier lifestyles that benefit both employees and employers.

Company Stage

Series F

Employees

1,001-5,000

Industries

Healthcare

Total Funding

$773.3M

Headquarters

New York City, New York

Founded

2012


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Simplify's Take

What believers are saying

  • Integration with Apple Fitness+ expands Gympass's reach to over two million employees.
  • $85 million Series F funding supports global expansion and service enhancement.
  • Partnership with Northwell Health sets new standards in employee wellness.

What critics are saying

  • Rebranding to Wellhub may confuse existing customers, impacting retention.
  • Cost of living crisis in the UK may reduce spending on wellness programs.
  • Focus on holistic wellness may strain resources if not managed properly.

What makes Gympass unique

  • Gympass offers a unique membership model with access to 50,000 gyms and studios.
  • The rebranding to Wellhub broadens Gympass's appeal beyond physical fitness.
  • Partnerships with major corporations enhance Gympass's credibility in the wellness industry.

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Growth & Insights
Headcount

6 month growth

-1%

1 year growth

4%

2 year growth

2%

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Flexible Work Hours

Remote Work Options

Paid Vacation

Paid Parental Leave

Home Office Stipend

Professional Development Budget

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