News Summary

• This is a Series F, and EGYM said that roughly half of it, €107 million, will “flow immediately” with the remaining €100 million on the table for future use.The first tranche is coming at a post-money valuation of €600 million.
• “We want to shift that.”You can argue that this is a gross over-simplification of the state of global healthcare market today, but you might argue less with EGYM’s numbers.The business brought in $130 million in revenues in 2022, growing 70% year-over-year.
• The technology industry at large might not be in the best of health at the moment, but health and fitness startups appear to be alive and well.
• Over time, the company has been slowly incorporating more sophisticated tech into the mix, and making the software work with other equipment.
• Last week, Augmedics raised more than $80 million for a new take on spinal surgery that aims to be less invasive and more accurate thanks to AR and AI.
• Affinity Partners — the Saudi-backed, Florida-based investment firm founded by the son-in-law and close confidante of former U.S. President Donald Trump — is leading the round, with previous backers Mayfair Equity Partners and Bayern Kapital also participating.