About ClassPass
ClassPass is a company based in New York (United States) founded in 2013 was acquired by Mindbody in October 2021.. ClassPass has raised $524.53 million across 8 funding rounds from investors including Mindbody, Apax Partners and Temasek. The company has 1,046 employees as of December 31, 2023. ClassPass has completed 6 acquisitions, including Clickypass, FitMob and Fitmob. ClassPass operates in a competitive market with competitors including Urban Sports Club, Wellhub, Fitpass, Peerfit and 1FIT, among others.
- Headquarter New York, United States
- Employees 1046 as on 31 Dec, 2023
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Sectors
HealthcareBusiness Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$524.53 M (USD)
in 8 rounds
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Latest Funding Round
$285 M (USD), Series E
Jan 08, 2020
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Investors
Mindbody
& 22 more
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Employee Count
1046
as on Dec 31, 2023
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Investments & Acquisitions
Clickypass
& 5 more
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Acquired by
Mindbody
(Oct 13, 2021)
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Funding Insights of ClassPass
ClassPass has successfully raised a total of $524.53M across 8 strategic funding rounds. The most recent funding activity was a Series E round of $285 million completed in January 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series E — $285.0M
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First Round
First Round
(31 Mar 2014)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Series E - ClassPass | Valuation | L Catterton , Apax | |
| Jan, 2019 | Amount | Series D - ClassPass | Valuation |
investors |
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| Jul, 2018 | Amount | Series D - ClassPass | Valuation | Temasek |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ClassPass
ClassPass has secured backing from 23 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Mindbody, Apax Partners and Temasek. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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L Catterton is recognized as a leading consumer-focused private equity group.
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Founded Year | Domain | Location | |
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Equity investments are focused on tech, services, and consumer sectors.
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Founded Year | Domain | Location | |
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ClassPass
ClassPass has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Clickypass, FitMob and Fitmob. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Fitness training app provided for specialized individual programs.
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2020 | ||||
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Unlimited fitness classes are accessed through membership at partnered studios.
|
2016 | ||||
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Single membership pass for different fitness activities
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - ClassPass
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Classpass Comparisons
Competitors of ClassPass
ClassPass operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Urban Sports Club, Wellhub, Fitpass, Peerfit and 1FIT, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Subscription-based marketplace for sports and fitness venues is offered.
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| domain | founded_year | HQ Location |
Cloud-based wellness programs are offered for employee health and productivity.
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| domain | founded_year | HQ Location |
Subscription-based platform for multiple fitness classes is offered.
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| domain | founded_year | HQ Location |
One pass to various fitness studios
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| domain | founded_year | HQ Location |
Subscription-based access to gyms is provided via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Classpass
Frequently Asked Questions about ClassPass
When was ClassPass founded?
ClassPass was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is ClassPass located?
ClassPass is headquartered in New York, United States. It is registered at New York, New York, United States.
Is ClassPass a funded company?
ClassPass is a funded company, having raised a total of $524.53M across 8 funding rounds to date. The company's 1st funding round was a Series D of $85M, raised on Mar 31, 2014.
How many employees does ClassPass have?
As of Dec 31, 2023, the latest employee count at ClassPass is 1,046.
What does ClassPass do?
ClassPass was founded in 2013 in New York, United States, within the fitness sector. Membership programs are provided to enable access to diverse classes at multiple gyms and studios for a fixed fee. Operations focus on user engagement in fitness routines, while participating studios receive new participants and utilize excess class capacity. Corporate membership options have been introduced to expand services.
Who are the top competitors of ClassPass?
ClassPass's top competitors include Urban Sports Club, Wellhub and Fitpass.
How many acquisitions has ClassPass made?
ClassPass has made 6 acquisitions, including Clickypass, FitMob, and Fitmob.
Who are ClassPass's investors?
ClassPass has 23 investors. Key investors include Mindbody, Apax Partners, Temasek, L Catterton, and Acequia Capital.
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