Today: Jun 14, 2024

German Fitness Platform Raises €95M in Record Breaking Funding Round

6 months ago

Key points:

  • Berlin-based sports and wellness platform Urban Sports Club has raised €95m ($103.7m) in a funding round led by Verdane. Existing investors, including HV Capital and ProSiebenSat1, also participated in the round.
  • Totus Medicines, a small molecule drug discovery and development company based in Emeryville, California, has secured $66m in funding. The round was led by DCVC Bio and included participation from North Pond Ventures, Camford Capital and the Regents of the University of Minnesota.

Berlin-based fitness platform Urban Sports Club has raised €95m ($103.7m) in a funding round led by Verdane. The investment will be used to expand Urban Sports Club’s platform, which offers access to thousands of fitness studios, gyms and wellness facilities across Germany. The company plans to use the funding to expand further across Europe and potentially make acquisitions.

The round was led by Verdane, with participation from existing investors, including HV Capital and ProSiebenSat1. The funding will enable Urban Sports Club to further develop its platform and expand its operations across Europe. The company will also explore potential acquisition opportunities to strengthen its position in the market.

Urban Sports Club, founded in 2012, allows users to access thousands of fitness studios, gyms and wellness facilities across Germany. The company’s platform offers a monthly membership that provides access to a variety of fitness and wellness activities. Users can choose from a range of activities, including yoga, pilates, swimming, and more.

The company plans to use the funding to accelerate its growth and expand its operations in Europe. Urban Sports Club currently operates in Germany and plans to expand into new markets, including France, Italy and Spain. The company also aims to further develop its technology platform and enhance its offerings to customers.

Urban Sports Club is not the only fitness platform to have recently raised funding. Other notable rounds include Totus Medicines, a small molecule drug discovery and development company based in Emeryville, California, which raised $66m; Twin Health, a company that has developed a “Whole Body Digital Twin” to empower individuals to manage their health, raised $50m; and Deep Apple Therapeutics, a San Francisco-based company that discovers novel small molecule therapeutics for high-value targets through virtual screening, raised $52m.

The funding will enable Urban Sports Club to continue expanding its operations and develop new offerings for its customers. The company is focused on providing a seamless and convenient experience for its users, allowing them to access a wide range of fitness and wellness activities with a single membership. With the new funding, the company plans to further develop its technology platform and enhance its offerings to customers, including introducing new features and expanding its range of activities.

Urban Sports Club’s fundraising success reflects the growing demand for fitness and wellness services in Germany and across Europe. The company’s platform offers a convenient and flexible way for individuals to stay active and healthy, with access to a wide range of fitness activities. With the new funding, Urban Sports Club aims to further expand its reach in Europe and continue delivering innovative solutions to its users.