ClassPass Raises $285M in Series E
ClassPass has successfully raised $285M in a Series E at a $1B valuation led by L Catterton, Temasek.
Company Overview
ClassPass is a HealthTech company headquartered in New York, NY, founded in 2013 with 500+ employees.
Fitness class marketplace and subscription
Fundraising Details
- Amount Raised: $285M
- Round Type: Series E
- Valuation: $1B
- Date: 2020-01-08
- Investors: L Catterton, Temasek
About ClassPass
Fitness class marketplace and subscription The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: New York, NY
- Founded: 2013
- Team Size: 500+
- Industry: HealthTech
What This Means
This funding round demonstrates strong investor confidence in ClassPass's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The HealthTech sector continues to attract significant investment as companies innovate to meet evolving market demands. ClassPass's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1B valuation marks an important milestone for ClassPass, positioning the company among notable players in the HealthTech industry.
Looking Ahead
With this new capital, ClassPass is well-positioned to execute on its growth strategy and continue building innovative solutions in the HealthTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2020-01-08. For more information about ClassPass, visit their headquarters at New York, NY.
