ClassPass Passes $1 Billion Valuation

ClassPass Passes $1 Billion Valuation

ClassPass Passes $1 Billion Valuation.

ClassPass launched in 2013 as a way to help gyms and studios fill empty slots in classes.

After raising $285 million in new funding, the fitness startup is now valued at over $1 billion, making it a “unicorn.”.

CEO Fritz Lanman told CNN Business that there are no plans to go public anytime soon and that “the goal is to stay independent.”.

The model has moved from an unlimited plan to a tiered membership and is currently run on a credit-based system.

The company now has more than 30,000 boutique studio, gym and wellness partners in 28 countries