Highland Capital Partners et al. invest in eGym

The fresh capital will be used to expand the business internationally and for product development.

The GP invested via its Highland Europe fund, a €250m vehicle that closed €50m above its target in May this year. The fund is supported by university endowments, pension funds, family offices and foundations.

Company
Founded in late 2012, eGym is headquartered in Munich with a second office in Berlin. It has fitness studios in Munich, Berlin, Hannover, Stuttgart, Dortmund and Cologne. In 2013, its first full operating year, the company broke even while its team grew to 100 employees.

eGym offers 18 different electronic pieces of gym equipment suitable for all large muscle groups. All the equipment is connected to the internet and provides users with a personalised training programme. Users can also access their training programmes via a smartphone app. Results are saved in the cloud and monitored.

eGym markets its products in German-speaking countries and the Netherlands.

People
Philipp Roesch-Schlanderer is eGym's managing director. Irena Goldenberg is a partner at Highland and will become chairman of eGym's advisory board.

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• Topics
• DACH
• Expansion
• Consumer
• Germany
• Highland Capital Partners
• High-Tech Gründerfonds