SoftBank Vision Fund and SoftBank Latin AmericaFund have announced their global partnership with Gympass. Both funds will join existing investors (General Atlantic, Atomico and Valor Capital Group) and join our mission to combat physical inactivity around the world.
At a time when approximately 1.4 billion people worldwide are inactive, global organisations recognise the critical role they play in making their employees more active. The wellness movement continues to grow around the world, as organisations find ways to connect employees with gyms, boutiques and physical activities. Through a wellness platform powered by innovative technology, Gympass has grown across multiple markets in LatinAmerica, North America and Europe. They have a network of 47,000 gyms and sports centres, making it today the world’s largest global network.
“The HR departments of Unilever, Tesco and Activision Blizzard, have made significant progress to improve the wellbeing of their employees with Gympass. Our partners are the foundation of our hands-on, diverse and flexible program,” says Cesar Carvalho, co-founder and CEO of Gympass. “We believe that this partnership will allow us to bring our program to more organisations, revolutionising the way employees participate in physical activity’.
“More than 2,000 corporations around the world are revolutionising the way they are directly links inactive employees to physical activity to create a healthier and more committed workforce. Gympass is making this possible thanks to its universal wellness program that connects employees with thousands of fitness options,” says Murtaza Ahmed, a partner SoftBank Investment Advisers. “We are delighted to work with Cesar and his help organisations create a more productive and active for tomorrow.”
“More and more people who lead healthier lives thanks to Gympass, we love work with Cesar and the team to accelerate their strategy in Latin America and beyond,” says Marcelo Claure, CEO of SoftBank Latin America Fund. “There are few companies as successful as Gympass in making the transition towards global leadership, we are excited about what the future holds.”
This partnership will bring great benefits for global corporations, employees and fitness partners, including:
- Universal access for all employees of companies to promote the physical activity program and drive employee engagement, improve performance and to facilitate the success of the business
- Significant advances in product and technology for a more personalised user experience.
- Accelerated growth of the fitness industry globally, which will lead to new active users in the sector.
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