Egym in a $41 million investment backed by Mayfair Equity Partners

Egym, a Muncih, Germany-based producer of smart equipment for gym facilities, announced raising $41 million.

The money was raised from investors led by Mayfair Equity Partners, joined by existing shareholders HPE Growth, Highland Capital Europe, Kreos.

Proceeds will be used to expand the product portfolio, expand its presence in the U.S. market and increase the company’s competitive edge.

Egym, founded in 2010 by Philipp Roesch-Schlanderer (CEO) and Florian Sauter, develops gym solutions and fitness apps for operators, trainers, and members. Most recently, EGYM launched its new Fitness Hub, a smart onboarding kiosk and body scanner. It is the centerpiece of the connected fitness floor and enables smart and contactless onboarding, recurring measurements, flexibility tests and visual workout guides. The company says it works with 13,000 studios worldwide.

Egym previously raised €28 million in January 2021.