ClassPass Raises $85 Million in Latest Funding Round
- Singapore-based Temasek returns to lead Series D investment
- ClassPass plans to boost international, domestic offerings
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Subscription fitness platform ClassPass just bulked up its business with a financing round intended to help boost its offerings in new markets.
The New York-based startup raised $85 million in new funding led by Temasek Holdings Ltd., according to a company statement Wednesday. The Singapore-based firm was also at the forefront of ClassPass’s $70 million funding round last year. Singapore will be the first country ClassPass enters as part of its expansion into Asia, Tech Crunch reported in June. L Catterton, a consumer-focused private equity firm with a portfolio that also includes fitness companies CorePower Yoga and Equinox, also participated in the round.