Total amount raised
£200 Million
Latest funding date
8/1/2020
Location
Gymshark has successfully raised funding through a Private Equity round, with General Atlantic as the lead investor. The company has gone through one funding round, marking a significant milestone in its financial journey.
Keep reading to explore the intricacies of Gymshark's fundraising journey and the investors backing this innovative fitness apparel brand.
What Is Gymshark?
Gymshark, founded in 2012 by Ben Francis, is a fitness apparel and accessories brand based in Solihull, United Kingdom. The company has grown rapidly, focusing on creating high-quality, functional, and stylish workout clothing.
With a workforce of 501-1000 employees, Gymshark is known for its innovative product designs and strong community-driven approach to fitness. The brand offers a wide range of products for both men and women, including leggings, sports bras, t-shirts, shorts, and accessories.
How Much Funding Has Gymshark Raised?
- Private Equity Round
- Amount Raised: $260,000,000
- Date: August 2020
- Lead Investors: General Atlantic
- Valuation at Round: Over £1 billion
- Motivation Behind the Round: The investment aims to facilitate further growth and international expansion, particularly into North America.
Total Amount Raised: $260,000,000. Current Valuation: Over £1 billion.
Key Investors
- General Atlantic
- Details: General Atlantic is a leading global growth equity firm established in 1980. They provide capital and strategic support for growth companies.
- Investment Focus Areas: Technology, Healthcare, Financial Services, Consumer, Life Sciences, Climate, and Sustainable Infrastructure.
- Notable Investments: Not publicly disclosed.
What's Next for Gymshark?
Gymshark's future looks promising as it leverages its strategic partnership with General Atlantic to expand internationally, particularly into North America. The global sports apparel market, projected to reach $208 billion by 2025, offers significant growth potential for the brand. By capitalizing on the rising interest in health and wellbeing, Gymshark aims to build a global footprint and become a leader in the fitness industry.
Future fundraising opportunities are likely, given the company's strong valuation and growth trajectory. These investments could support further innovation in performance technologies and functional training apparel, enhancing Gymshark's market position. However, the company must navigate challenges such as maintaining brand authenticity, managing rapid growth, and adapting to market changes and consumer preferences.
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