EGYM, a Connected Fitness Startup, Raised $200M at a $1.2B+ Valuation

Platforms
Written By Rick Watson

EGYM is a global fitness technology leader that makes workouts smarter, more efficient, and fun for everyone.

EGYM, a global fitness technology platform, raised just over $200M in Series G funding at a valuation of over $1.2B, which will be used to expand in the US and UK and further build its AI assistant. Is this an IPO candidate or an acquisition target for an incumbent? As we have learned, a hefty valuation is also a potential curse for a company in a discretionary sector such as health and fitness.

TechCrunch: EGYM, a connected fitness startup conceived after the founder hit a wall at the gym, lands $200M at a $1.2B+ valuation

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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