Fitness Network ClassPass Raises $70 Million
ClassPass announced the close of $70 million in Series C financing. Six investors contributed to the round: Temasek Holdings, Acequia Capital, CRV, General Catalyst Partners, GV and Thrive Capital.
Founded in 2013, ClassPass is the leading membership network providing access to fitness classes. With more than 8,000 partners in 39 cities worldwide, ClassPass provides members with a variety of fitness experiences to choose from, including yoga, cycling, Pilates, barre, running, strength training, dance, sports, videos and others. Recognized as one of Forbes’s next billion dollar startups, ClassPass uses proprietary technology dynamically to merchandise and surface more than a million fitness classes for a seamless booking experience that facilitates discovery.
According to the company, ClassPass will be using this funding to invest in product and expand operations.