Gympass doubles valuation in latest round

Gympass doubles valuation in latest round

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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,"

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