Gympass

Founded in 2012 and based in New York, Gympass is a leading corporate wellness platform, providing access to both physical and virtual network of over 50,000 gyms, studios, classes, personal trainers, and wellness apps (e.g., Fitness First, Barry's, Strava, Headspace) through a single employee benefit. With over two million global employee subscribers, Gympass supports companies around the world to retain employees, drive productivity, and reduce healthcare costs. More than 15,000 companies use Gympass to help their employees move, eat, sleep, and feel better with access to fitness and wellness partners in subscriptions that cost up to 50% less than traditional memberships.

Market trends and drivers
Gympass has seen 80% year-on-year growth in its customer base over the last year, on the back of strong adoption tailwinds for its platform. For example, four out of five employees globally believe wellbeing is equally important to salary, according to the Gympass Work-Life Wellness Report 2022. As a result of its powerful platform, Gympass has more than doubled the average number of employees engaged with wellness at its corporate customers and has thereby grown the market, all while driving improved employee happiness and health.

Investment potential
EQT Growth will support Gympass in its next phase of growth, drawing on EQT’s presence in over 20 countries across the world. It will leverage its in-house digital business development experts, as well as its extensive network of industrial advisors to help Gympass continue to deepen its reach and global leadership. EQT Growth will also support further investment in the Company’s product capabilities.