Funding round
EGYM Series C
EGYM, which works in smart gym solutions development in Munich, raised $45M in a Series C round announced on 21 Mar 2016, led by HPE Growth. 4 firms took part, 3 of them already investors. It is EGYM's first venture round on record.
$45M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
EGYM did not disclose a valuation in this round. It is EGYM's first venture round on record, 6 years after it was founded in 2010. It is 8.8% of the $511M EGYM has raised in the venture rounds on record. EGYM raised again 66 months later: a Series E round of $41M in Sep 2021. Its next priced round, a Series F in Jul 2023, valued it at $653M.
EGYM's funding rounds
EGYM has 4 venture rounds on record and 1 other deal. This one is highlighted.
- Other not a venture round 21 Jul 2014, led by Highland Europe $15M
- Series C this round 21 Mar 2016, led by HPE Growth $45M
- Series E 16 Sep 2021, led by Mayfair Equity Partners $41M
- Series F 5 Jul 2023, led by Affinity Partners $225M$653M post-money
- Series G 24 Sep 2024, led by L Catterton and Meritech Capital $200M$1.20B post-money
Investors
Who put money in
HPE Growth led the round with 3 other firms. Highland Europe, High-Tech Gründerfonds and Bayern Kapital had backed EGYM before.
Lead investor
- backs 14 venture-backed companies new investor
Also in the round
- backs 45 venture-backed companies existing investor
- backs 232 venture-backed companies existing investor
- backs 92 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
108 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $25M, and this round was 1.8 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 11 Mar 2016 | $29M | not disclosed | Leumi Partners and Oaktree Capital |
| Tech Companies | 31 Mar 2016 | $15M | not disclosed | Turner Broadcasting |
| Magic Leap Tech Companies | 2 Feb 2016 | $794M | $4.50B | Alibaba Group |
| Tech Companies | 16 Feb 2016 | $55M | $300M | Lightspeed Venture Partners |
| Tech Companies | 21 Apr 2016 | $50M | $600M | Spark Capital |
| Tech Companies | 21 Apr 2016 | $36M | not disclosed | REV Venture Partners and Caffeinated |
| Tech Companies | 25 Feb 2016 | $35M | not disclosed | Tenaya Capital |
| Forter Tech Companies | 21 Apr 2016 | $32M | not disclosed | Scale Venture Partners |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did EGYM raise in its Series C round?
EGYM raised $45M in its Series C round, announced in Mar 2016.
Who led EGYM's Series C round?
HPE Growth led it, with Highland Europe, High-Tech Gründerfonds and Bayern Kapital.
What was EGYM's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
108 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $25M, and this round was 1.8 times the median.
Did EGYM raise again after this round?
Yes: a Series E round in Sep 2021 of $41M.