About Third Space London
Third Space London is a Healthcare company based in London (United Kingdom) founded in 1999, and was acquired by KSL Capital Partners in August 2021. Chain of health and fitness clubs. Third Space London has raised $108.29 million across 1 funding round from investors including OakNorth Bank, Searchlight Capital and KSL Capital Partners. Its focus areas include Fitness and Wellness Chains and Diversified. Its legal entity is THE THIRD SPACE GROUP LIMITED. Its competitors include Virgin, David Lloyd Leisure and 1Rebel; 3 of its 3 listed competitors have raised funding.
Company details
Third Space London was established in 1999 as a provider in the health and fitness sector. A network of clubs is maintained across London, United Kingdom, where various fitness programs, wellness services, and exercise facilities are offered to members. Operations focus on urban locations to support community-based physical activities, with emphasis placed on accessible gym and training options without expansion beyond the region.
- Headquarters London, United Kingdom
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Website thethirdspace.com
- Social LinkedIn Facebook
- Acquired by KSL Capital Partners (Aug 2021)
- Legal Name The Third Space Group Limited
- Date of Incorporation 28 Sep, 1994
- Jurisdiction LONDON
- Total Equity Funding$108.29M (USD)
in 1 rounds
- Latest Funding Round$108.29M (USD), Series D
Sep 2023
- InvestorsOakNorth Bank
& 2 more
- Acquired byKSL Capital Partners
(Aug 2021)
Funding Insights of Third Space London
Third Space London has successfully raised a total of $108.29M through 1 strategic funding round. The most recent funding activity was a Series D round of $108.29 million completed in September 2023. 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 $108.29M
- Total Rounds 1
- Last Round Series D — $108.29M
- First Round $108.29M
(Sep 2023)
- Investors Count 2
All 1 funding rounds of Third Space London with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2023 | $108.29M | Series D | – | – |
3 investors in total: 3 institutional.
Investors in Third Space London
Third Space London has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include OakNorth Bank, Searchlight Capital and KSL Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on multiple sectors | searchlightcap.com | New York, United States | ||
KSL Capital Partners is focused on travel and leisure investments. | kslcapital.com | Denver, USA | ||
Commercial bank | 2013 | oaknorth.co.uk | Manchester, United Kingdom |
Investor details for Third Space London
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Timeline of Third Space London
3 dated milestones of Third Space London across 24 years, from founding to its latest funding, stage changes and deals.
- Founded Third Space London is founded.
- Exit Acquired by KSL Capital Partners.
- Funding First funding round of $108.3M.
Competitors of Third Space London
Third Space London has 3 listed competitors in our database, 3 of them funded. They include Virgin, David Lloyd Leisure and 1Rebel.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| virgin.com | 1970 | London, United Kingdom | $118.2M | Investment and holding company | ||
| davidlloyd.co.uk | 1984 | Hatfield, United Kingdom | $8.5M | Chain of health and fitness clubs | ||
| 1rebel.com | 2014 | London, United Kingdom | $7.04M | 1 | Standalone fitness gym centers are operated in London, United Kingdom. |
Detailed competitors of Third Space London
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Web traffic of Third Space London
Websites that share an audience with Third Space London (thethirdspace.com).
Websites whose visitors overlap most with Third Space London. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| sohogyms.com | 30% | View details |
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Frequently Asked Questions about Third Space London
Third Space London was founded in 1999 and raised its 1st funding round 24 years after it was founded.
Third Space London is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Third Space London is a funded company, having raised a total of $108.29M across 1 funding round to date. The company's 1st funding round was a Series D of $108.29M, raised on Sep 2023.
Third Space London was established in 1999 as a provider in the health and fitness sector. A network of clubs is maintained across London, United Kingdom, where various fitness programs, wellness services, and exercise facilities are offered to members. Operations focus on urban locations to support community-based physical activities, with emphasis placed on accessible gym and training options without expansion beyond the region.
Third Space London's top competitors include Virgin, David Lloyd Leisure and 1Rebel.
Third Space London has 3 investors. Key investors include OakNorth Bank, Searchlight Capital, and KSL Capital Partners.
Third Space London operates through The Third Space Group Limited.
Yes. Third Space London was acquired by KSL Capital Partners in August 2021.