Funding round
EGYM Series F
EGYM, which works in smart gym solutions development in Munich, raised $225M in a Series F round announced on 5 Jul 2023, led by Affinity Partners, at a $653M post-money valuation. 3 firms took part, 2 of them already investors. It is EGYM's third venture round on record; the one before was a Series E in Sep 2021.
$225M
Amount raised
$653M
Post-money valuation
3
Investors
1 lead
34%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced EGYM at $653M after the new money. The $225M bought investors about 34% of the company. It came 22 months after EGYM's Series E. It is 44% of the $511M EGYM has raised in the venture rounds on record. EGYM raised again 14 months later: a Series G round of $200M in Sep 2024, at $1.20B 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 16 Sep 2021, led by Mayfair Equity Partners $41M
- Series F this round 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
Affinity Partners led the round with 2 other firms. Mayfair Equity Partners and Bayern Kapital had backed EGYM before.
Lead investor
- Affinity Partners new investor
Also in the round
- backs 7 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 and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
14 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $148M, and this round was 1.5 times the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 7 Jun 2023 | $100M | not disclosed | not named |
| Wellhub Tech Companies | 23 Aug 2023 | $85M | $2.40B | EQT |
| Tech Companies | 19 Oct 2023 | $40M | not disclosed | New Enterprise Associates and G Squared |
| Dataiku Tech Companies | 13 Dec 2022 | $200M | $3.70B | Wellington Management |
| project44 Tech Companies | 3 Nov 2022 | $80M | $2.70B | Generation Investment Management and A.P. Moller Holding |
| Tech Companies | 29 Mar 2024 | $55M | not disclosed | General Catalyst |
| Rippling Tech Companies | 22 Apr 2024 | $200M | $13.50B | not named |
| Tech Companies | 27 Oct 2022 | $170M | $1.50B | Georgian |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did EGYM raise in its Series F round?
EGYM raised $225M in its Series F round, announced in Jul 2023.
Who led EGYM's Series F round?
Affinity Partners led it, with Mayfair Equity Partners and Bayern Kapital.
What was EGYM's valuation at the Series F round?
$653M post-money.
How does it compare with other Series F rounds in Tech Companies?
14 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $148M, and this round was 1.5 times the median.
Did EGYM raise again after this round?
Yes: a Series G round in Sep 2024 of $200M at $1.20B post-money.