ClassPass Now Worth More Than $1 Billion After Latest Funding Round
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ClassPass is now worth more than $1 billion, after raising new cash from investors, the startup said on Wednesday. The latest funding marks the fitness class subscription app’s entry into the unicorn club of startups, as fitness companies titillate investors.
The New York-based company, which lets users take classes across multiple boutique fitness studios and gyms without purchasing memberships at those locations, raised $285 million led by L Catterton and Apax Digital. The startup will use the funds to continue its international expansion.