Gympass

Subscription-based fitness and wellness platform

New York City, New York, United States

About Gympass

Gympass offers a subscription-based fitness and wellness platform that provides access to various gyms, fitness studios, live online classes, wellness apps, and virtual personal training sessions. The service is primarily aimed at corporate clients, integrating into employee benefits programs to enhance employee health and well-being. Users can choose from tiered membership plans, ranging from $9.99 to $249.99 per month, which cater to different fitness needs and budgets. Each plan offers varying levels of access to fitness resources, with higher tiers providing more premium options. Revenue is generated through monthly subscription fees and partnerships with employers who may subsidize membership costs. Gympass stands out by offering a flexible and comprehensive fitness solution tailored to individual needs, promoting a healthier lifestyle that can lead to increased productivity and lower healthcare costs for companies.

New York City, New YorkHeadquarters
2012Year Founded
$773.3MTotal Funding
SERIES_FCompany Stage
HealthcareIndustries
1,001-5,000Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Flexible Work Hours
Remote Work Options
Paid Vacation
Paid Parental Leave
Home Office Stipend
Professional Development Budget

Risks

Rebranding to Wellhub may confuse existing customers, impacting retention.
Cost of living crisis in the UK may reduce spending on wellness programs.
Focus on holistic wellness may strain resources if not managed properly.

Differentiation

Gympass offers a unique membership model with access to 50,000 gyms and studios.
The rebranding to Wellhub broadens Gympass's appeal beyond physical fitness.
Partnerships with major corporations enhance Gympass's credibility in the wellness industry.

Upsides

Integration with Apple Fitness+ expands Gympass's reach to over two million employees.
$85 million Series F funding supports global expansion and service enhancement.
Partnership with Northwell Health sets new standards in employee wellness.