AAA Sodexo exercises investment option in GymLib

Sodexo exercises investment option in GymLib

France-based fitness access service GymLib has raised €10m ($11.8m) in funding from investors including facilities management and services firm Sodexo, Maddyness has reported.

Alyan Group, Breega Capital and Fa Dièse also participated in the round, having previously contributed to the company’s last round in July 2017, in which it received $3.4m from investors also including Kima Ventures.

GymLib runs a service that enables members to access facilities and classes such as crossfit, bikram yoga or Zumba at a network of some 2,000 French gyms through a pay-as-you-go system.

The company also provides a geolocation system to help users locate their nearest participating gyms, and offers the platform as a service that can be provided to the employees of corporate customers. It had initially raised €1m in 2015, according to Maddyness.

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