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US fitness app platform launches in Dubai

Expansion follows recent funding round of USD 85 million

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US-based fitness platform ClassPass plans its Dubai launch in October, as part of its global expansion strategy, which will see it add seven cities in 2018. Dubai, the fast-paced, dynamic city with booming studio fitness industry is ideally suited for this expansion.

The expansion follows the closing of ClassPass’s recent funding round, which saw it secure USD 85 million in series D financing led by Singapore-based investment firm Temasek. The company has secured total funding of USD 255 million since its opening.

ClassPass was established in New York City in 2013, is active in more than 50 cities globally, across five countries, offering over 10,000 studios and gyms on its platform.

Users can book gyms and studios in points through a central app. The Dubai subscriptions will be at a higher end, offering residents entry into premium gyms and studios.

 

 

Source

Dubai FDI