# Gymlib

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gymlib

- Industry: Internet
- Headquarters: Paris, France
- Website: www.gymlib.com
- Total disclosed funding: $2.6M
- Latest round: Seed (Nov 19, 2017)
- Investors on record: 4

## About

Gymlib SAS, founded in 2013 and based in Paris, France, provides businesses with a subscription-based service for employee access to a diverse range of sports and wellness activities, enhancing workplace health and productivity.Gymlib SAS offers a flexible subscription service that allows companies to provide their employees with access to a network of over 4,000 gyms and more than 300 sports activities. The company was founded in Paris, France by Sébastien BEQUART, who serves as CEO. In April 2022, Gymlib was acquired by eGym GmbH as part of a cash and stock deal, marking a strategic shift in its operations. Gymlib has successfully completed five funding deals, with the most recent round raising EUR 5.344 mn, led by Sodexo, alongside investments from Alyan Group, Breega, and FaDiese. The total amount raised by the company is EUR 5.344 mn, resulting in a current valuation of EUR 20.344 mn.Gymlib primarily offers a subscription-based service that provides access to a vast network of sports and wellness activities for employees. Their core product is a flexible subscription model that enables companies to offer their employees a choice of over 4,000 partner gyms and more than 300 sports activities, including fitness classes, yoga, cycling, and team sports. This service addresses the growing need for employee wellness and mental health improvement, enhancing overall productivity within the workplace. Gymlib's clientele consists mainly of businesses looking to boost employee engagement and well-being, catering to a diverse range of sectors across various geographical markets, including France and potentially expanding to other regions in Europe.Gymlib generates revenue through a subscription model, where companies pay for employee access to their extensive sports and wellness offerings. In 2016, the company reported a revenue amount of EUR 449,602.50, with an EBITDA of EUR -652,172.40. This structure allows businesses to customize their employee wellness programs based on budget and specific needs, facilitating direct partnerships with corporate clients. The subscription plans are designed to be flexible, catering to varying budgets and organizational sizes while promoting a healthier workforce. Through this model, Gymlib aims to foster long-term relationships with businesses looking to prioritize health and wellness in the workplace.Following its acquisition by eGym GmbH in April 2022, Gymlib aims to leverage this partnership to enhance its service offerings and expand its market reach across Europe. The funding from this acquisition will facilitate the development of new products and the joint offering of corporate fitness activities in new regions. Gymlib plans to target specific European markets for expansion, although detailed geographic targets and product release dates have not been specified.

## Funding rounds

- Seed, Nov 19, 2017, $2.6M — Kima Ventures, FaDiese, Breega, Alyan Group

## Investors

- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- FaDiese (https://capitalatlas.ai/funds/fadiese) — Seed
- Breega (https://capitalatlas.ai/funds/breega) — Seed
- Alyan Group — Seed