What is ClassPass?
ClassPass is a prominent platform revolutionizing the fitness and wellness industry by consolidating a wide array of classes and experiences into a single application. Its mission is to inspire individuals to lead more fulfilling lives daily by connecting them with enriching experiences. The company facilitates access to diverse activities, from high-intensity interval training (HIIT) classes and massages to at-home streaming yoga sessions, all aimed at prioritizing personal health and well-being. ClassPass, alongside Mindbody, recognizes that personal development is foundational to professional advancement, embedding this philosophy into its offerings and operations.
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 BoxGroup, Owen Van Natta, Romulus Capital, Blake Krikorian, SV Angel, Grace Stanat, Kal Vepuri, Miroma, Keith Nowak, and Charlie Songhurst
Series A (2014): $12M led by David Tisch, CRV, Shana Fisher, WME Ventures, Kal Vepuri, and Noah Kraft
Series B (2015): $40M supported by General Catalyst and Thrive Capital
Series C (2017): $70M featuring Temasek
Series D (2018): $85M backed by Temasek
Series E (2020): $285M with participation from Apax Digital, Temasek, and L Catterton
Key Investors in ClassPass
Apax Digital
Apax Partners is a leading global private equity advisory firm with a sector-led investment strategy focusing on Tech, Services, and Internet/Consumer industries. They partner with management teams, providing operational skills and digital expertise to drive growth and value creation.
Temasek
Temasek is a global investment company headquartered in Singapore, operating as a generational investor focused on making a difference with a long-term perspective.
L Catterton
L Catterton is a global consumer-focused private equity firm that has made numerous investments in consumer brands worldwide, deploying capital across various strategies including buyout and growth.
What's next for ClassPass?
The recent strategic investment in ClassPass signals a pivotal phase for the company, likely aimed at further platform innovation, market expansion, and potentially integrating new wellness services. Given its history of major enterprise-level funding, ClassPass is poised to leverage this capital to enhance its user experience, broaden its network of partners, and solidify its leadership in the competitive digital fitness landscape. The company's focus on holistic wellness and its robust technological infrastructure suggest a strategic direction towards becoming an all-encompassing wellness solution.
See full ClassPass company page
