Funding round
EGYM Series E
EGYM, which works in smart gym solutions development in Munich, raised $41M in a Series E round announced on 16 Sep 2021, led by Mayfair Equity Partners. 4 firms took part, 3 of them already investors. It is EGYM's second venture round on record; the one before was a Series C in Mar 2016.
$41M
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 came 66 months after EGYM's Series C. It is 8.0% of the $511M EGYM has raised in the venture rounds on record. EGYM raised again 22 months later: a Series F round of $225M in Jul 2023, at $653M post-money.
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 21 Mar 2016, led by HPE Growth $45M
- Series E this round 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
Mayfair Equity Partners led the round with 3 other firms. HPE Growth, Highland Capital Europe and Kreos Capital had backed EGYM before.
Lead investor
- Mayfair Equity Partners new investor
Also in the round
- backs 14 venture-backed companies existing investor
- Highland Capital Europe existing investor
- backs 25 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 and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
117 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $150M, and this round was 27% of the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Mirakl Tech Companies | 21 Sep 2021 | $555M | $3.50B | Silver Lake |
| Tech Companies | 8 Sep 2021 | $200M | $2.00B | Technology Crossover Ventures |
| Tech Companies | 15 Sep 2021 | $150M | $1.50B | General Atlantic |
| Tech Companies | 15 Sep 2021 | $150M | $2.30B | Legatum |
| Tech Companies | 6 Sep 2021 | $110M | not disclosed | Boyu Capital |
| Tiendanube Tech Companies | 17 Aug 2021 | $500M | $3.10B | Insight Partners and Tiger Global Management |
| Dataiku Tech Companies | 5 Aug 2021 | $400M | $4.60B | Tiger Global |
| Devo Tech Companies | 26 Oct 2021 | $250M | $1.50B | Technology Crossover Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did EGYM raise in its Series E round?
EGYM raised $41M in its Series E round, announced in Sep 2021.
Who led EGYM's Series E round?
Mayfair Equity Partners led it, with HPE Growth, Highland Capital Europe and Kreos Capital.
What was EGYM's valuation at the Series E round?
It was not disclosed.
How does it compare with other Series E rounds in Tech Companies?
117 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $150M, and this round was 27% of the median.
Did EGYM raise again after this round?
Yes: a Series F round in Jul 2023 of $225M at $653M post-money.