RIO DE JANEIRO, BRAZIL - (REUTERS) Gympass, which makes gym memberships more accessible for corporate employees, has raised US$220 million in a funding round led by existing investor SoftBank Group Corp, more than doubling the startup's valuation to $2.2 billion.
Other investors participating in the round included General Atlantic, Moore Strategic Ventures, Kaszek and Valor Capital Group, the New York-headquartered company will announce later on Tuesday.
Founded in Brazil, Gympass allows companies to offer gym access to employees through a network of over 50,000 gyms and studios around the world.
The company, valued at more than . . .