Funding round
EGYM Series G
EGYM, which works in smart gym solutions development in Munich, raised $200M in a Series G round announced on 24 Sep 2024, led by L Catterton and Meritech Capital, at a $1.20B post-money valuation. 2 firms took part. It is EGYM's fourth venture round on record; the one before was a Series F in Jul 2023.
$200M
Amount raised
$1.20B
Post-money valuation
$1.00B pre-money
2
Investors
2 leads
1.8x
Step-up from the Series F
$653M in Jul 2023
17%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced EGYM at $1.20B after the new money, 1.8 times the $653M of its Series F (Jul 2023). The $200M bought investors about 17% of the company. It came 14 months after EGYM's Series F. It is 39% of the $511M EGYM has raised in the venture rounds on record. No later venture round is on record for EGYM.
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 5 Jul 2023, led by Affinity Partners $225M$653M post-money
- Series G this round 24 Sep 2024, led by L Catterton and Meritech Capital $200M$1.20B post-money
Investors
Who put money in
L Catterton and Meritech Capital led the round.
Lead investors
- backs 63 venture-backed companies new investor
- Meritech Capital backs 84 venture-backed companies new investor
Joined the board: Paul Madera (Meritech) and Marc Magliacano (L Catterton).
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
6 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $190M, and this round was close to the median. The closest in time, other companies' Series G rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 14 Aug 2024 | $9.9M | not disclosed | not named |
| Rebel Foods Tech Companies | 22 Apr 2025 | $25M | $1.61B | not named |
| Rippling Tech Companies | 9 May 2025 | $450M | $16.80B | not named |
| Addepar Tech Companies | 13 May 2025 | $230M | $3.25B | Vitruvian Partners and WestCap |
| Cato Networks Tech Companies | 30 Jun 2025 | $359M | $4.80B | Vitruvian Partners and ION Asset Management |
| VideoAmp Tech Companies | 13 Sep 2023 | $150M | $1.40B | Vista Credit Partners |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did EGYM raise in its Series G round?
EGYM raised $200M in its Series G round, announced in Sep 2024.
Who led EGYM's Series G round?
L Catterton and Meritech Capital led it.
What was EGYM's valuation at the Series G round?
$1.20B post-money ($1.00B pre-money).
How does it compare with other Series G rounds in Tech Companies?
6 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $190M, and this round was close to the median.