ClassPass

Subscription service for fitness and wellness

New York City, New York, United States

About ClassPass

ClassPass provides a subscription service that allows users to book fitness classes, wellness experiences, and beauty appointments through a single app. Users can purchase credits to access a variety of services at thousands of partner gyms, fitness studios, salons, and spas worldwide. This flexibility appeals to busy professionals and fitness enthusiasts who want to explore different options without being tied to one location. ClassPass also offers corporate wellness programs to enhance employee well-being. The company generates revenue through subscription plans and commissions from partner facilities for each booking made. ClassPass aims to simplify access to health and wellness services, making it easier for individuals to prioritize their well-being.

New York City, New YorkHeadquarters
2011Year Founded
$518.2MTotal Funding
SERIES_ECompany Stage
Consumer Software, Social Impact, Consumer GoodsIndustries
501-1,000Employees

Benefits

Full Medical Benefits
Family Leave & Benefits
Wellness for Body & Mind
Financial Wellbeing
Retirement savings
Pre-tax flexible spending accounts
Generous Paid Time Off
Flexible Workplace

Risks

Increased competition from platforms like myClubs may reduce ClassPass's market share.
The upcoming IPO could pressure ClassPass to prioritize short-term financial results.
Expansion into food and beverage may dilute ClassPass's core brand identity.

Differentiation

ClassPass offers a diverse range of fitness, wellness, and beauty services globally.
The platform uses machine learning to recommend personalized classes to its members.
ClassPass partners with over 25,000 studios, gyms, and wellness centers worldwide.

Upsides

ClassPass is expanding into food and beverage offerings, broadening its service range.
The company is preparing for an IPO, potentially increasing its market visibility.
Growing demand for hybrid fitness models aligns with ClassPass's diverse offerings.