Gympass launched the Trainiac app in Brazil; Are you training for the IPO?

Bloomberg Line – When pass the gym Started its operations 10 years ago, Startup Idea is to provide corporate fitness benefits by partnering with gyms. Employees who have gympas Among the company’s perks, they can choose plans from SAR29.90 ($5.72) that give them access to gyms.

But when people were forced to train at home due to the pandemic, Jimbas had to reinvent himself to survive. The company has become a wellness platform with apps like Strava, Calm, Tecnonutri, and 37 others, as well as partnering with other gyms..

‘App offered the possibility Enter the pillars of health worksuch as emotional health, nutrition, tobacco control, and financial education Priscilla SequeraVice President of Gympass in Brazil.

during the pandemic, The start Enable the personal trainer feature, from online lessons to individual meditation guides in the app. Last year, through the New Ventures branch, looking for new business opportunities, he found Gympass Trainiac, an American platform for individual professional care where the user has a personal trainer who creates and monitors training programs. “This follow-up helps people form the habit of taking better care of themselves, and thus, one commits more rather than doing it alone,” Sequeira explained.

pass the gym It acquired Trainiac in December 2021. The personal training application available in the United States:, It will start working in Brazil with the first 50 personal trainers registered on the platform. For coaches, Gympass provides access to a customer base at no cost, ensuring a new source of income and flexibility for remote customer training.

Trainiac was an acquisition among other things, as Gympass went on a shopping spree to boost its fitness app business. The company bought Andjoy, an access platform in Spain, 7Card, a Romanian health company, and Brazilian mental health company Vitalk.. The startup is also developing an app to care for people with chronic illnesses.

In February, GIMPAS Hired Ex-Google Executives (google) and hubspot (axles) to promote your business with small and medium-sized businesses in the United States. The company claims to have 6000 customers in 11 countries (USA, Argentina, Brazil, Chile, Mexico, Germany, Ireland, Italy, Spain, UK, Romania).

In June 2021, Gympass receives $220 million in Series E from SoftBank (SFTBY), General Atlantic, Moore Strategic Ventures, Kaszek and Valor Capital Group, which were valued at about $2.2 billion.

When asked about a possible initial public offering in US stock markets, Siqueira said private investors are not in a hurry, and that The company is looking at the market very carefully. “The market is not at its best. We are working very carefully with our feet on the ground. We have always been very careful, This made us come out of the pandemic better, with a more complete job“, He said.

Gympass has more than 1,600 employees worldwide and says it has not conducted any mass layoffs.