<article>New York-based fitness network <a href="https://www.dealstreetasia.com/?s=ClassPass">ClassPass</a> has raised $85 million in Series D financing led by Singapore investment firm <a href="https://www.dealstreetasia.com/?s=Temasek">Temasek</a>, which was also the lead investor in the company&#8217;s Series C funding round.</article>

New York-based fitness network <a href="https://www.dealstreetasia.com/?s=ClassPass">ClassPass</a> has raised $85 million in Series D financing led by Singapore investment firm <a href="https://www.dealstreetasia.com/?s=Temasek">Temasek</a>, which was also the lead investor in the company&#8217;s Series C funding round.
ClassPass, which is launching a range of fitness classes in Singapore as part of its Asia debut, said the latest funding round also saw participation by Growth Fund of <a href="https://www.dealstreetasia.com/?s=L%20Catterton">L Catterton</a>, a global consumer-focused private equity firm.
The latest round brings its total funding to $255 million. L Catterton has also added Michael Farello to the ClassPass board as part of its investment.
Last year, ClassPass raised a $70-million Series C round led by Temasek. Other existing investors include Acequia Capital, CRV, General Catalyst, GV, M13 and Thrive.
Recognized as one of Forbes&#8217; Next Billion Dollar Startups, ClassPass connects members to a variety of fitness experiences, including yoga, cycling, Pilates, barre, running, strength training, dance, sports, videos, and more.
The company said it now has over 10,000 partners in 50 cities worldwide.
“Temasek has been a supportive shareholder, and their continued engagement will be especially helpful as we launch ClassPass throughout Southeast Asia,” the fitness network&#8217;s CEO Fritz Lanman said.
ClassPass said the Singapore launch will be soon after August 9, the National Day of Singapore, with a free offer of unlimited classes for the first month after online registration.
“With growing consumer awareness driving demand, and more premium international fitness brands and boutique studios in our network continuing to set up here, we’re honing in on Singapore as a springboard into Asia,” said Lanman.
After successfully launching 10 new domestic cities in the US, ClassPass has now shifted its focus to launching in more than 20 new countries internationally by the end of 2019 while doubling-down on the density of studio offerings in its existing markets.
“This round of funding will help accelerate those timelines and operations to support the company’s ambitions of being the largest fitness aggregator in the world,” ClassPass said in a statement.
In December 2017, fitness platform <a href="https://www.dealstreetasia.com/?s=WeFit.vn">WeFit.vn</a>, which helps connect workout enthusiasts with fitness studios across Vietnam, has raised $155,000 in a new investment round led by homegrown venture capital firm <a href="https://www.dealstreetasia.com/?s=ESP%20Capital">ESP Capital</a>.
The one-year-old startup gives users an option to choose out of 500 medium and high-class fitness studios across Vietnam that they can join from anywhere and at any time.
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ClassPass, which is launching a range of fitness classes in Singapore as part of its Asia debut, said the latest round was joined by Growth Fund of L Catterton.

Fitness network ClassPass secures $85m in Temasek-led Series D

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Fitness network ClassPass secures $85m in Temasek-led Series D

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