China-based gym group Good Feeling has raised RMB100m ($15.2m) in a series B round backed by real estate firm Century Golden Resources, China Money Network wrote today.
The round was led by venture capital firm Fortune Capital and also included China Merchants Bank.
Good Feeling operates a chain of 70 fitness clubs across more than 20 cities in China, specialising in training classes for marathon runners, basketball and tennis players. The company claims to have some 300,000 users.
The company previously secured tens of millions of dolalrs in a series A round from Sino-US Venture Capital in September 2016.
The market for fitness club operators is reportedly expected to reach RMB123bn by 2020 in China, up from RMB70bn in 2015.