{"id":68629,"date":"2021-02-04T15:29:39","date_gmt":"2021-02-04T14:29:39","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=68629"},"modified":"2022-04-20T08:23:34","modified_gmt":"2022-04-20T06:23:34","slug":"28-million-euros-for-fitness-startup-egym","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/68629\/28-million-euros-for-fitness-startup-egym\/","title":{"rendered":"28 million euros for fitness startup Egym"},"content":{"rendered":"
\n

As Handelsblatt reports, the money comes from existing investors from previous investment rounds: Bayern Kapital, Nokia Growth Capital, Highland Europe, and HPE Growth Capital. According to the newspaper's report, the fitness startup's valuation, at a "significantly three-digit million euro amount," is roughly the same as it was two years ago.<\/p>\n\n\n\n

Smart fitness equipment for studios and clubs<\/h2>\n\n\n\n

As recently as September, Egym wanted to follow a report by startup scene<\/a> According to the company, the company will raise 100 million euros. The coronavirus pandemic and the resulting closure of fitness studios have Munich companies<\/a> has now apparently thwarted the plans and ensured that the Series E round is significantly smaller. Egym's last financing round at the end of 2018<\/a> amounted to just under 18 million euros (20 million dollars).<\/p>\n\n\n\n

Severe slump due to Corona<\/h2>\n\n\n\n

Egym sells smart fitness equipment to studios and clubs. The company was founded in 2012 by Philipp Roesch-Schlanderer and Florian Sauter. In the wake of the coronavirus crisis, 100 of its 450 employees were forced to leave the company. Philipp Roesch-Schlanderer <\/strong>tells Handelsblatt:<\/p>\n\n\n\n

\u201cI had sleepless nights the week before the layoffs.\u201d<\/p><\/blockquote>\n\n\n\n

According to Handelsblatt, sales last year amounted to around 82 million euros. The company had targeted triple-digit sales for 2020.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Despite gym closures, Egym has secured \u20ac28 million in fresh capital from its existing investors. Before the coronavirus outbreak, the Munich-based company had planned to raise significantly more money.<\/p>","protected":false},"author":26,"featured_media":42558,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1,5635],"tags":[1012,879,52,731],"acf":[],"yoast_head":"\n28 Millionen Euro f\u00fcr Fitness-Startup Egym - Munich Startup<\/title>\n<meta name=\"description\" content=\"Das Fitness-Startup Egym holt sich 28 Millionen Euro von seinen Investoren. 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