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The New York Post

 

ClassPass is now bench pressing $255 million.

That's how much the Big Apple fitness company has raised in venture capital including its latest round of $85 million.

Led by L Catterton, which has also invested in Peloton and Equinox, and Singapore's Temasek, the funding will help ClassPass expand into an additional 10 US cities and 20 countries by next year, the company said Wednesday.

It currently has members in 26 states and 50 countries. More than 1,000 of its 10,000 studios worldwide are located in New York City, a spokeswoman told The Post.

"Our ambitions have always been more lofty," said founder Payal Kadakia, adding that the extra cash will "bring our vision to reality as we more firmly establish ourselves as a global brand."

Five-year-old ClassPass charges $45-to-$160 a month for Gotham members to take yoga, pilates, boxing and other classes. Fees vary by city.

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July 26, 2018
 
 
 

 

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