Munich-based EGYM — a startup taking a vertically-integrated approach to connected fitness — has closed a Series G round of just over $200 million from L Catterton and Meritech, both new backers of the startup.
The funding is coming in at a post-money valuation of more than $1.2 billion, CEO and founder Philipp Roesch-Schlanderer confirmed to TechCrunch in an interview, and it will be used in a couple of key areas.