What is ClassPass?
ClassPass operates as a transformative marketplace for fitness and wellness, connecting users to a vast network of boutique studios, gyms, and digital experiences. By centralizing access to HIIT classes, yoga, and wellness services, the platform addresses the fragmentation inherent in the traditional fitness industry. Its value proposition lies in its flexibility, allowing users to prioritize their health through a seamless, app-based interface. Following its merger with Mindbody, the company has further solidified its market position, leveraging deep operational expertise to foster both personal and professional growth for its user base and partner studios alike.
How much funding has ClassPass raised?
ClassPass has raised a total of $494M across 6 funding rounds:
Angel/Seed
$2M
Series A
$12M
Series B
$40M
Series C
$70M
Series D
$85M
Series E
$285M
Angel/Seed (2014): $2M with participation from Blake Krikorian, Grace Stanat, Charlie Songhurst, Romulus Capital, BoxGroup, SV Angel, Keith Nowak, Kal Vepuri, Miroma, and Owen Van Natta
Series A (2014): $12M led by Kal Vepuri, WME Ventures, David Tisch, Shana Fisher, CRV, and Noah Kraft
Series B (2015): $40M supported by Thrive Capital and General Catalyst
Series C (2017): $70M featuring Temasek
Series D (2018): $85M backed by Temasek
Series E (2020): $285M with participation from L Catterton, Apax Digital, and Temasek
Key Investors in ClassPass
Temasek
Founded in 1974, Temasek is a global investment company headquartered in Singapore. We are a generational investor, seeking to make a difference always with tomorrow in mind.
L Catterton
L Catterton is a global consumerfocused private equity firm headquartered in Greenwich, Connecticut. Since its founding in 1989, the firm has raised tens of billions of dollars across multiple fund families and made more than 275 investments in consumer brands worldwide.
General Catalyst
General Catalyst operates as a venture capital firm focused on identifying and supporting transformational business opportunities across multiple sectors and stages, deploying capital strategically to back entrepreneurs pursuing ambitious visions.
What's next for ClassPass?
With the capital secured through its latest strategic financing, ClassPass is well-positioned to accelerate its market penetration and enhance its technological infrastructure. The focus remains on scaling the platform's reach while deepening the integration of its wellness offerings. As the company matures, the strategic deployment of these funds will likely prioritize the expansion of its digital streaming capabilities and the optimization of its partner network. By maintaining a focus on high-growth verticals and leveraging its extensive data insights, ClassPass aims to redefine the future of the global wellness economy, ensuring that its service remains an essential component of the modern consumer's lifestyle.
See full ClassPass company page
