July 1, 2021
Brazilian start-up Gympass, which offers gym memberships to corporate employees, said it earned $220 million in a fundraising round led by existing investor SoftBank and more than doubled its valuation to $2.2 billion.
The round also included General Atlantic, which has invested in Gympass before, along with Moore Strategic Ventures, Kaszek and Valor Capital Group, Gympass said in a press release on Tuesday.
The company also said it has recorded "double-digit subscriber growth month-over-month,"
Brazilian start-up pockets $220 mln from existing investors SoftBank and General Atlantic among others