ClassPass - About the company
ClassPass is an acquired company based in New York City (United States), founded in 2013 by , and . It operates as a Membership programs for fitness classes across multiple gyms. ClassPass has raised $550M in funding from investors like Temasek, SV Angel and General Catalyst, with last known valuation of $1B. The company has 171 active competitors, including 26 funded and 19 that have exited. Its top competitors include companies like Urban Sports Club, Wellhub and Smart Fit.
Sectors and market segments that ClassPass operate in
ClassPass serves in the B2C, B2B space in the , HealthTech market segments.The primary business model of ClassPass are:Company Details
ClassPass is a membership program for fitness classes across multiple gyms and studios. Members can access multiple varieties of classes and engagement in their fitness regime, all at a fixed price. Participating studios benefit by attracting new students and profitably filling excess capacity in classes. ClassPass has also started corporate membership programs.
- Website
- Social
- Email ID
- @classpass.com
Key Metrics
Founded Year
2013
Location
New York City, United States
Stage
Acquired
Total Funding
in 10 rounds
Latest Funding Round
Last Known Valuation
as on Jan 08, 2020
Ranked
1st among
Employee Count
as on Dec 31, 2023
Investment & Acquisitions
Similar Companies
1FIT &
Exit Details
Acquired by Mindbody (Oct 13, 2021)
Legal entities associated with ClassPass
ClassPass is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
CIN: 7082212 United States, Active | Oct 01, 2018 | - | - | - |
CIN: 1458962 United States, Active | Oct 23, 2014 | $183M (as on Dec 31, 2017) | 1046 (as on Dec 31, 2023) | - |
CIN: 451439319 United States, Active | May 23, 2011 | - | 223 (as on Dec 31, 2022) | - |
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ClassPass's acquisition details
ClassPass got acquired by Mindbody on Oct 13, 2021. It was facilitated by Kirkland & Ellis.
Click to take a look at ClassPass's acquisition in detail
ClassPass's funding and investors
ClassPass has raised a total funding of $550M over 10 rounds. Its latest funding round was a Series E round on Jan 08, 2020 for $285M. 3 investors participated in its latest round, lead by L Catterton and Apax.
ClassPass has 54 institutional investors including Temasek, SV Angel and General Catalyst. There are 10 Angel Investors in ClassPass.
Here is the list of recent funding rounds of ClassPass:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Jan 08, 2020 | $285M | Series E | - | - | |
Jan 28, 2019 | $526K | Series D | - | - | - |
Jul 25, 2018 | $85M | Series D | - | - |
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ClassPass' founders and board of directors
The founders of ClassPass are , and .
Here are the details of ClassPass' key team members:
- : Co-Founder of ClassPass and founder of . Contact Info:
- : Former Co-Founder & CEO of ClassPass and founder of .
- : Co-Founder of ClassPass.
- Fritz Lanman: CEO of ClassPass and founder of 4 other companies, including Acequia Capital, and Doppler Labs. They are also an angel investor in 9 startups.Contact Info:
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ClassPass' employee count trend
ClassPass has 1,046 employees as of Dec 23. Here is ClassPass's employee count trend over the years:
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ClassPass's Competitors and alternates
Top competitors of ClassPass include Urban Sports Club, Wellhub and Smart Fit. Here is the list of Top 10 competitors of ClassPass, ranked by 秘密研究所 score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | 秘密研究所 Score |
|---|---|---|---|---|---|
1st | 2013, New York City (United States), Acquired | Membership programs for fitness classes across multiple gyms | $550M | 82/100 | |
2nd | Urban Sports Club 2012, Berlin (Germany), Acquired | App that provides a subscription-based marketplace for sports & fitness centers | $198M | Rocket Internet, Verdane听&补尘辫;听 | 75/100 |
3rd |  Wellhub 2012, New York City (United States), Series F | Cloud based corporate wellness program for employee health, productivity, and retention | $85M | General Atlantic, EQT听&补尘辫;听 | 75/100 |
4th | Fitness facility offering gym rooms | $284M | CPP Investments, GIC听&补尘辫;听 | 74/100 | |
5th | Online membership pass for accessing multiple fitness centres | $3.86M | Astir Ventures, Mumbai Angels听&补尘辫;听 | 66/100 | |
6th | Online pay-as-you-go marketplace for fitness centers | $16.3M | Bpifrance, Kima Ventures听&补尘辫;听 | 58/100 | |
7th | Peerfit 2011, Tampa (United States), Acquired | One pass to various fitness studios | $61.6M | Causeway, 听&补尘辫;听 | 53/100 |
8th | Provider of a subscription-based platform for multiple fitness classes | - | Soldiers Field Angels, Chromo Invest听&补尘辫;听 | 52/100 | |
9th | Fitternity 2013, Mumbai (India), Acquired | Web portal for gym booking, fitness related articles and discussion community | $10.9M | 48/100 | |
10th | Fitness Park 1986, Paris (France), Late Stage | App offering membership pass based fitness center access | - | 48/100 |
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ClassPass's Investments and acquisitions
ClassPass has not made any investments yet. ClassPass has made 6 acquisitions. Here is the list of latest three $acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Mar 02, 2020 | Acquisition | 2015 | Cordoba, | |
Mar 02, 2020 | Acquisition | 2016 | Santiago, | |
Oct 15, 2019 | Acquisition | 2015 | Stockholm, |
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Reports related to ClassPass
Here is the latest report on ClassPass's sector:
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News related to ClassPass
Media has covered ClassPass for a total of 2 events in the last 1 year, 2 of them have been about partnerships.
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FAQ's about ClassPass
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