Egym secured €28 million from existing investors

Egym, a Muncih, Germany-based producer of smart equipment for gym facilities, completed a new capital raise round of €28 million ($33.8M).

The money was raised from exsisting investors including NGP Capital, Highland Europe, HPE Growth Capital and Bayern Kapital.

Egym, founded in 2010 by Philipp Roesch-Schlanderer (CEO) and Florian Sauter, develops gym solutions and fitness apps for operators, trainers, and members.