Munich-based eGym GmbH has announced the close of a USD 20mm Series D round of financing led by NGP Capital, with participation from existing investors Highland Europe and HPE Growth Capital.
eGym‘s software-based, intelligent training solutions are used in almost 14,000 fitness and health-based institutions all over Europe and the US. Among the most important components are fully electronic power machines, the eGym mobile apps for trainers and members as well as eGym ONE, the open cloud platform. eGym will use the new funds to accelerate its international expansion with a focus on the US as well as its corporate wellness offering.
NGP Capital is a globally engaged venture capital fund backing growth-stage and revenue-generating technology companies operating one, global fund with over USD 1.2 billion under management.
GLNS advised NGP Capital on the financing round through partner Dr. Daniel Gubitz and associates Ferdinand Graf von Spreti and Julia Klesse. Dr. Thomas Schafft from Ampersand provided advice on IP and IT issues. eGym was represented by a team of CMS Hasche Sigle around Stefan-Ulrich Müller.