eGym raises $45m from HPE Growth et al.

Previous investors include Highland Capital, Bayern Kapital and High-Tech Gründerfonds (HTGF). The capital injection will be invested in the company's technology and digitisation strategy. eGym also plans to expand into more countries.

HPE Growth is an Amsterdam-based investor with a focus on tech startups from Germany and the Benelux region. It backs businesses with a turnover beyond €10m and provides growth investment between €10-30m.

Previous funding
In July 2014, Highland Capital, Bayern Kapital and HTGF committed $15m to eGym.

Company
Founded in 2012 and based in Munich, eGym develops technology concepts for the organisation of fitness training by connecting the training area with the eGym system. Its software and hardware provides gym operators with information about their members and enables gym members to have a personalised training plan.

People
HPE Growth Capital – Manfred Krikke (partner).
Highland Capital – Irena Goldenberg (partner).
eGym – Philipp Roesch-Schlanderer (CEO).

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• Topics
• Expansion
• DACH
• Technology
• Germany
• Venture