About Snap Fitness
Snap Fitness is a company based in West Jordan (United States) founded in 2003.. Snap Fitness has raised $200 million across 2 funding rounds from investors including TZP Group and Summit Partners. Snap Fitness has completed 1 acquisition, including STEELE Fitness. Snap Fitness operates in a competitive market with competitors including Planet Fitness, LA Fitness, Crunch Fitness, 24 Hour Fitness and Barry’s, among others.
- Headquarter West Jordan, United States
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Snap Fitness (India) Private Limited
- Date of Incorporation 28 Aug, 2008
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$61.52 K (USD)33.32as on Mar 31, 2022
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Net Profit
$2.15 K (USD)117.56as on Mar 31, 2022
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EBITDA
$-27.82 K (USD)-79.57as on Mar 31, 2022
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Total Equity Funding
$200 M (USD)
in 2 rounds
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Latest Funding Round
$200 M (USD), Series B
Dec 23, 2013
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Investors
TZP Group
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
(Jun 29, 2017)
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Funding Insights of Snap Fitness
Snap Fitness has successfully raised a total of $200M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $200 million completed in December 2013. 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 2
- Last Round Series B — $200.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2013 | Amount | Series B - Snap Fitness | Valuation | TZP Group |
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| Jun, 2008 | Amount | Series A - Snap Fitness | Valuation |
investors |
| 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 Snap Fitness
Snap Fitness has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include TZP Group and Summit Partners. 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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Venture capital firm investing in multiple sectors
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Founded Year | Domain | Location | |
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Summit Partners is recognized as a growth equity investment firm.
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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 Snap Fitness
Snap Fitness has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include STEELE Fitness. 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.
|
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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Chain of fitness centers
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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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.
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2014 |
Financial Statements - Snap Fitness
| 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 |
Snap Fitness Comparisons
Competitors of Snap Fitness
Snap Fitness 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 Planet Fitness, LA Fitness, Crunch Fitness, 24 Hour Fitness and Barry’s, 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 |
Operator of fitness chain
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| domain | founded_year | HQ Location |
A chain of fitness centers is operated by LA Fitness.
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| domain | founded_year | HQ Location |
A chain of fitness clubs is operated by Crunch Fitness.
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| domain | founded_year | HQ Location |
Chain of fitness centres
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| domain | founded_year | HQ Location |
A chain of fitness centers is operated by Barry’s.
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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 Snap Fitness
Frequently Asked Questions about Snap Fitness
When was Snap Fitness founded?
Snap Fitness was founded in 2003 and raised its 1st funding round 5 years after it was founded.
Where is Snap Fitness located?
Snap Fitness is headquartered in West Jordan, United States. It is registered at West Jordan, Utah, United States.
Who is the current CEO of Snap Fitness?
Dennis Howard is the current CEO of Snap Fitness.
Is Snap Fitness a funded company?
Snap Fitness is a funded company, having raised a total of $200M across 2 funding rounds to date.
What is the annual revenue of Snap Fitness?
Annual revenue of Snap Fitness is $61.52K as on Mar 31, 2022.
What does Snap Fitness do?
Snap Fitness was founded in 2003 in West Jordan, United States, as an operator in the fitness industry. Facilities are managed to offer 24-hour access, alongside 30-minute kickboxing sessions, group fitness classes, boot camp workouts, and personal training with nutritional guidance. Leadership is provided by CEO Dennis Howard, with operations focused on health club services across multiple locations.
Who are the top competitors of Snap Fitness?
Snap Fitness's top competitors include Planet Fitness, Crunch Fitness and LA Fitness.
How many acquisitions has Snap Fitness made?
Snap Fitness has made 1 acquisition, including STEELE Fitness.
Who are Snap Fitness's investors?
Snap Fitness has 2 investors. Key investors include TZP Group, and Summit Partners.
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