Cesar Carvalho Archives - Athletech News https://athletechnews.com/tag/cesar-carvalho/ The Homepage of the Fitness & Wellness Industry Fri, 15 Mar 2024 23:21:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 https://athletechnews.com/wp-content/uploads/2021/08/ATHLETECH-FAVICON-KNOCKOUT-LRG-48x48.png Cesar Carvalho Archives - Athletech News https://athletechnews.com/tag/cesar-carvalho/ 32 32 177284290 Gympass Embraces Sleep as Pillar of Corporate Wellness https://athletechnews.com/gympass-sleep-apps-corporate-wellness/ Thu, 14 Mar 2024 20:05:37 +0000 https://athletechnews.com/?p=103974 The corporate wellness giant partnered with Rise Science and SleepScore to help employees optimize their time based on circadian rhythms With a vast network of 50,000-plus gyms, studios, classes, personal trainers, and wellness coaches, Gympass isn’t neglecting the importance of sleep. The leading corporate wellness provider is emphasizing the sleep-health connection, expanding its sleep category with…

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The corporate wellness giant partnered with Rise Science and SleepScore to help employees optimize their time based on circadian rhythms

With a vast network of 50,000-plus gyms, studios, classes, personal trainers, and wellness coaches, Gympass isn’t neglecting the importance of sleep. The leading corporate wellness provider is emphasizing the sleep-health connection, expanding its sleep category with new sleep monitoring apps, Rise Science and SleepScore.

The move comes in conjunction with World Sleep Day on March 15, with Gympass subscribers on the Starter Plan and above able to access the new sleep-supporting apps. 

Sleep Emerges as Key Wellness Trend

In a society that rewards hustle culture, obtaining adequate sleep has become a rare luxury. The CDC points out that a third of U.S. adults get less than the recommended amount of sleep. The impact of poor sleep hygiene can have devastating effects beyond circles under the eyes, with lack of sleep linked to type 2 diabetes, heart disease, obesity and even depression.

As Gympass research has found, 98% of employees worldwide say sleep is crucial for their well-being, and 60% say work stress negatively impacts their sleep. Gympass has been steadily focused on all aspects of wellness, partnering with Headspace, Sleep Cycle, Meditopia and Calm. 

Rise Science, a sleep and energy tracker created by a team of sleep experts, informs Gympass users of the ideal time to carry out their tasks based on their circadian rhythms — when to exercise, have their last cup of coffee or get ready for bed. Based on sleep science, the approach is meant to make users feel well-rested.

SleepScore leverages cognitive behavioral science and sleep and circadian hygiene to analyze user data, resulting in a personalized sleep improvement program based on lifestyle and needs. The program is supported by two independent studies and uses a smartphone’s microphone and speaker capabilities to track and measure breathing rate and body movement.

credit: Gympass

Next month, Gympass users can use SleepScore to track their sleep improvement over time with a graphical representation.

“Sleep is essential for holistic wellbeing,” said Gympass co-founder and CEO Cesar Carvalho. “By providing employees with the tools they need to improve their sleep, Gympass is helping companies invest in their most valuable asset: their people.”

Corporate Wellness Booms

As employee wellness continues to become a hot topic and an increasingly non-negotiable offering from modern employers looking to attract and retain top talent, Gympass is soaring. The corporate wellness platform hit a $2.4 billion valuation after an $85 million funding round and signed on with Apple Fitness+.

Gympass topped 2.6 million subscribers in January, with over 400 million cumulative employee check-ins across its partner network. The corporate wellness platform has attracted top companies such as Amazon and Aflac for its ability to encourage employees to become active and engaged, resulting in reduced healthcare costs and absenteeism rates. 

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Apple Fitness+ Expands Reach With Gympass Deal https://athletechnews.com/apple-fitness-expands-reach-with-gympass-deal/ Mon, 08 Jan 2024 14:00:00 +0000 https://athletechnews.com/?p=101847 Corporate wellness platform Gympass is valued at $2.4 billion while Apple continues to enhance its fitness and wellness offerings Gympass, a leading corporate wellness platform, has integrated with Apple Fitness+, meaning more than two million employees globally will now have access to the fitness subscription service. Effective immediately, Gympass subscribers on the Basic Plan and…

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Corporate wellness platform Gympass is valued at $2.4 billion while Apple continues to enhance its fitness and wellness offerings

Gympass, a leading corporate wellness platform, has integrated with Apple Fitness+, meaning more than two million employees globally will now have access to the fitness subscription service. Effective immediately, Gympass subscribers on the Basic Plan and above in the U.S., U.K. and Germany, and those on the Silver Plan and above in Brazil, can access Apple Fitness+ at no additional cost through their Gympass app.

Gympass has a network of over 50,000 gyms, studios, classes, personal trainers and wellness apps, and includes access to Wellness Coaches, who help users create individualized plans. More than 15,000 companies currently use Gympass, which gives employees discounts on fitness classes and gym memberships, along with other wellness perks.

Employee Wellness on the Rise

“Gympass more than doubles the number of employees engaged with wellness, thanks to the breadth of our global partner network and the attractive prices of our plans that cost 30-50% less than traditional gym memberships,” said Cesar Carvalho, CEO and co-founder of Gympass. “We’re excited to strengthen our proven ability to drive employee enrollment by providing access to Apple Fitness+ across more than 15,000 corporate clients and millions of employees globally.”  

According to Gympass’ recent State of Work-Life Wellness report, the majority of employees (87%) would consider leaving a company that does not focus on employee wellbeing, while 93% value wellbeing as much as their salaries. Integrating wellness solutions into company culture has the potential to decrease turnover and save companies healthcare costs, Gympass notes.

Apple’s Fitness & Wellness Push

With Apple Fitness+, Gympass subscribers gain access to thousands of workouts and meditations, like HIIT, strength, wowing, cycling and yoga. Those with an Apple Watch can see their real-time metrics onscreen. Apple Fitness+ also offers popular experiences, like “Time to Walk” and “Time to Run.”

On Monday, Apple also launched additional updates to Fitness+ that demonstrate the tech giant’s investment in the platform and desire to cater to new audiences. In November, Apple partnered with Anytime Fitness, the tech giant’s first partnership with a brick-and-mortar gym chain.

Gympass, meanwhile, raised $85 million in a Series F funding round last summer at a valuation of $2.4 billion, led by EQT Growth with participation from Neuberger Berman Group. The valuation underscores the increasing trend of employees expecting wellness benefits from their employers. Now, Gympass has Apple in its corner, an integration that demonstrates the corporate wellness platform’s growth as well as the tech giant’s desire to bring Fitness+ to new audiences.

This article has been updated with new information on which Gympass subscribers have access to an Apple Fitness+ subscription.

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As Remote Work Rises, Gympass Sounds Alarm on ‘Mismatched’ Employees https://athletechnews.com/gympass-mismatched-employees-report/ Wed, 01 Nov 2023 22:08:25 +0000 https://athletechnews.com/?p=99908 The phenomenon of employees who work remotely but prefer in-office, or vice-versa, is a growing source of workplace conflict In cubicles and at-home offices around the globe, 37% of employees sit at their workspaces with their heads in their hands, unhappy and unproductive.  Gympass, a corporate wellness platform with a $2.4 billion valuation, is the…

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The phenomenon of employees who work remotely but prefer in-office, or vice-versa, is a growing source of workplace conflict

In cubicles and at-home offices around the globe, 37% of employees sit at their workspaces with their heads in their hands, unhappy and unproductive. 

Gympass, a corporate wellness platform with a $2.4 billion valuation, is the expert on workforce insights and trends. In its second annual State of Work-Life Wellness 2024 Report, the company surveyed over 5,000 employees in nine global markets, taking a deep dive into workplace well-being and the hotly debated return-to-office topic. 

In a time when corporate buzzwords swirl, a new term could be coined based on the new Gympass report: The Great Mismatch. 

“Mismatched” employees (defined as those who work remotely but prefer in-office or work in-office but rather work remotely) is directly connected to major gaps in employee well-being, finds Gympass

Although numerous leading employers are eager to pat themselves on the back and announce that they are investing in wellness programs, the new Gympass report begs the question: are employers truly listening to “unmatched” employees, or are they simply virtue signaling regarding workplace wellness

A Turbulent Time for Workers and Employers

For many, the workplace has become a battleground between employers and employees in recent years.

It goes without saying that the pandemic caused an upheaval in the modern workforce. Between 2019 and 2021, the number of remote workers tripled from 5.7% (roughly 9 million people) to 17.9%, according to the U.S. Census. 

Almost overnight, employees who suffered from a micromanaging boss suddenly had the autonomy to work freely without being under a watchful eye. They no longer had to deal with distracting colleagues, and they may have found relief in having increased flexibility in the absence of long commute times. Remote workers also reported saving $5,000 to $10,000 a year, according to a 2022 survey by FlexJobs.

But as the Gympass report notes, not everyone fell in love with working remotely, with some employees preferring in-person work or a hybrid model for reasons such as socialization and/or wanting a defined barrier between work and home life.

Ultimately, workers were able to quickly assess what worked best for them — but instead of listening, the majority of employers made the final call for the long term.   

By 2021, fed-up workers, citing low pay, lack of opportunities and feeling unheard, ushered in a new era: The Great Resignation, which led to the nation’s “quit rate” hitting a 20-year high. 

After the door to The Great Resignation was opened, all bets were off. 

Workers who felt disgruntled but couldn’t jump ship found a new term to embrace — Quiet Quitting — where they began to do the bare minimum and coast by, vowing never again to go the extra mile for their employer. Let’s also not forget “Rage Applying,” where those who “quietly quit” channeled their energy and frustration into blasting out resumes, hoping to land an interview elsewhere.

Not to be outdone, and in the face of a constant push-pull cycle with workers, some employers began utilizing “Quiet Firing” tactics, making the working environment so intolerable that workers are forced to leave.   

Trust may have been broken on both sides, but there is hope, provided employers seek the guidance of workplace wellness experts.

credit: Claudia K/shutterstock.com

A New Approach to Corporate Wellness?

Even though companies have begun to explore programs to ensure workers are happy and healthy (thereby increasing retention and their bottom line), there may still be a disconnect. While perks such as workplace yoga certainly can be meaningful, “mismatched” employees aren’t faring well in terms of well-being and rank flexibility as their top priority.

“The workplace ‘mismatch problem’ underscores a larger issue: that well-being is unique to each individual,” said Cesar Carvalho, co-founder and CEO of Gympass. 

“Mismatched” employees reported significant negative effects on their overall well-being when compared to “matched” employees, according to the Gympass report. 

When asked to rate their well-being, “mismatched” employees were twice as likely to report that they were “struggling” or “really struggling” when compared to “matched” employees. 

With regards to stress levels, “mismatched” employees are more likely to experience higher stress levels, lower emotional well-being and suffer from lack of sleep. They are also twice as likely to report being unhappy working for their current employer.

Such dire responses from “mismatched” employees can lead to costly situations such as increased absenteeism, higher turnover and lack of engagement. 

Location Flexibility Is Essential to Employee Wellness

As Gympass has continually reported, employee well-being is a new non-negotiable for workers, with 96% seeking an employer that prioritizes wellness — and its importance is growing year over year. Well-being is on par with salary, 93% of global employees tell Gympass, and 87% would consider leaving a company that doesn’t emphasize employee well-being.

The majority of global employees say emotional wellness (95%) and physical wellness (94%) enhances their productivity and satisfaction at work.

As for employees who are “mismatched” and therefore dreadfully unhappy, Gympass emphasizes the importance of flexibility.  

“Flexibility is a crucial consideration as companies navigate the return-to-office landscape,” Carvalho said. “Everyone is different. Companies can take better care of their employees by offering flexible, preventative benefits that not only make employees happy and healthy, but save your company money in the long term.”

Gympass puts it plainly: “The best work environment is the one you prefer.”

“Location flexibility — where possible — may be the best approach to supporting worker wellness,” according to the platform. “Workers in their preferred environment, for example, are more likely to say their work enables them to care for their well-being when needed.”

You can download the full Gympass report: The State of Work-Life Wellness 2024 here.

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Gympass Hits $2.4B Valuation After Latest Funding Round https://athletechnews.com/gympass-hits-2-4b-valuation-after-latest-funding-round/ Wed, 23 Aug 2023 14:35:58 +0000 https://athletechnews.com/?p=97998 The corporate wellness platform now has over 15,000 customers and two million employee subscribers Gympass, a top corporate wellness platform, has raised $85 million in a Series F funding round at a valuation of $2.4 billion, an eye-watering number given the struggles of other fitness industry companies in the current economic environment.  EQT Growth led the…

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The corporate wellness platform now has over 15,000 customers and two million employee subscribers

Gympass, a top corporate wellness platform, has raised $85 million in a Series F funding round at a valuation of $2.4 billion, an eye-watering number given the struggles of other fitness industry companies in the current economic environment. 

EQT Growth led the funding round, with participation from Neuberger Berman Group on behalf of the investment firm’s client funds. In addition to the Series F, General Atlantic and Moore Strategic Ventures increased their stakes in Gympass by purchasing existing shares from earlier investors and current and former employees.

Gympass’ sky-high valuation comes as demand soars for corporate wellness programs, with employees increasingly coming to expect options like gym memberships, discounts on fitness classes and other wellness perks as part of their compensation package, especially from top firms. 

“Gympass is revolutionizing corporate wellness at a time where every company is making investments to drive efficient growth and reduce spending,” said Cesar Carvalho, co-founder and CEO of Gympass. “Organizations are shifting from reactive and traditional healthcare benefits that increase costs to more holistic and preventative wellness benefits that reduce costs and improve employee wellbeing and productivity.”

It’s been a record year for Gympass, which has found success despite global macroeconomic headwinds that have tanked the valuations of other fitness companies. The wellness platform grew its customer base by 80% to more than 15,000 corporate customers and surpassed two million employee subscribers across its network of more than 50,000 partners.

Founded in 2012 in Brazil, Gympass offers companies and their employees access to what it says is the largest global network of gyms, studios, classes, personal trainers and wellness apps. In addition to longstanding partnerships with gyms including Crunch Fitness, Gympass recently added top fitness brands like 24 Hour Fitness, Barry’s, Life Time, MyFitnessPal and Orangetheory Fitness to its network. 

Gympass is also pushing into wellness and holistic health, recently partnering with mental health app Headspace. The corporate wellness platform also has partnerships with Sleep Cycle, a sleep-tracking app, and Thrive Global, a behavior change platform. 

According to Gympass, investing in employee wellbeing has positive impacts on worker retention, happiness and productivity, and also decreases healthcare costs for organizations. The platform recently released a study on the ROI of wellness programs, finding that 90% of companies that measure the ROI of their programs see a positive return. Physically active employees can reduce company healthcare costs by 35% after a 12-month period, the study found. 

“Our accelerated growth and new round of funding reflects validation of our model, that Gympass is uniquely positioned in any economic environment as companies seek innovative partners to reduce healthcare costs and improve employee wellbeing,” Carvalho said. 

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Gympass Adds MyFitnessPal as Employees Demand More Wellness Options https://athletechnews.com/gympass-adds-myfitnesspal-to-network/ Tue, 02 May 2023 18:00:00 +0000 https://athletechnews.com/?p=94852 According to Gympass, 83% of employees believe that their well-being is just as important as their salary Corporate wellness unicorn Gympass has added MyFitnessPal as one of its 50,000 partners after receiving numerous requests from users and clients to collaborate with the popular nutrition and food-tracking app. MyFitnessPal, which has empowered 200 million users since…

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According to Gympass, 83% of employees believe that their well-being is just as important as their salary

Corporate wellness unicorn Gympass has added MyFitnessPal as one of its 50,000 partners after receiving numerous requests from users and clients to collaborate with the popular nutrition and food-tracking app.

MyFitnessPal, which has empowered 200 million users since launching in 2005, will bring its capabilities to the Gympass platform. As a result of the collaboration, over 20 million employees at over 10,000 organizations across the globe will now have access to MyFitnessPal’s food-logging tools, exercise activity tracker and wellness habits log.

As Gympass points out, wellness initiatives have become essential for employees, putting pressure on employers to provide their staff with access to physical fitness, mental health and nutritional resources. 

Gympass has been fulfilling a need, reporting that its wellness platform has grown ten times faster than it did in its first nine years. The Brazilian company recently announced it received over 250 million check-ins to its network of partners, who provide physical and mental health resources. It was valued at $2.2 billion in 2021.

The rise in employee demand for well-being puts pressure on employers to prove they are just as committed to overall wellness as their employees.  

According to Gympass’s 2022 State of Work-Life Wellness Report, 83% of employees believe that their well-being is just as important as their salary, with 77% saying they would consider leaving a job that didn’t prioritize health and wellness.

Employees having access to well-being programs impacts more than just retention, productivity and happiness, says Gympass. It also aids in the reduction of absenteeism and healthcare costs. Gympass points to a Harvard study on the ROI of wellness programs that found businesses save $3.27 for every dollar spent on healthcare costs.

Organizations that use Gympass can achieve 43% higher retention rates and up to 25% lower annual employee healthcare costs than those that do not, the platform says.

The addition of MyFitnessPal comes as Gympass previously announced key partnerships with other organizations such as Thrive Global, Headspace, Sleep Cycle, 24 Hour Fitness, Orangetheory Fitness and CorePower Yoga, which it says helps keep the platform as flexible and adaptable for all employees as possible.

“We’re in a crisis of well-being, and it’s crucial for employers to take proactive steps to address this issue – bare minimum health benefits will no longer cut it,” said Cesar Carvalho, CEO and co-founder of Gympass. 

“At Gympass, we believe in providing employees with the necessary resources to enhance all aspects of their health in a way that suits their individual needs,” Carvalho continued. “This approach not only creates a healthier and happier workforce but also reduces healthcare costs by prioritizing preventative health measures. Our goal is to develop the world’s most comprehensive well-being platform, and we’re thrilled to introduce MyFitnessPal.” 

Gympass emerged strong from the pandemic,  receiving $220 million in funding in 2021 from Softbank, General Atlantic, Moore Strategic Ventures, Kaszek and Valor Capital Group. The funding was intended to support the platform’s expansion in the U.S. and reach new categories. 

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Gympass Scores a Win: As Employee Demand for Well-Being Rises, the Platform Exceeds 250 Million Check-Ins https://athletechnews.com/gympass-250m-check-ins-demand-for-well-being/ Fri, 31 Mar 2023 11:55:50 +0000 https://athletechnews.com/?p=93927 Gympass has surged in popularity, reporting that the platform has grown ten times faster than it did in its first nine years Quiet quitting, rage applying, ‘bare minimum Mondays’ – the workforce has recently produced a slew of buzzwords. If Gympass is any indication, a significant number of employees are signaling a new trend: holistic…

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Gympass has surged in popularity, reporting that the platform has grown ten times faster than it did in its first nine years

Quiet quitting, rage applying, ‘bare minimum Mondays’ – the workforce has recently produced a slew of buzzwords. If Gympass is any indication, a significant number of employees are signaling a new trend: holistic employees – those who prioritize their health and well-being with the expectation that their employers support wellness.

And it appears that they are.

Office Snacks

Gympass, the world’s largest employee well-being platform, has announced that it has received over 250 million check-ins to its network of partners providing physical and mental health resources.

The latest check-in number comes 18 months after Gympass reached 100 million total check-ins, demonstrating that the well-being platform is growing ten times faster than it did in its first nine years.

As the employee demand for well-being has risen, a luxury coffee maker or free snacks in the break room simply aren’t cutting it. Employees instead want increased wellness benefits, classes, opportunities, and access to well-being apps.

Gympass concurs, stating that its acceleration results from a combination of factors, including employee reprioritization.

According to Gympass’s 2022 State of Work-Life Wellness Report, 83% of employees believe that their well-being is just as important as their salary, with 77% saying they would consider leaving a job that didn’t prioritize health and wellness. The rise in the employee demand for well-being is putting pressure on employers to prove they are just as committed to overall wellness as their employees.

Companies recognize that employees with access to well-being programs impact more than just retention, productivity, and happiness. It also helps to reduce absenteeism and healthcare costs. For example, according to Gympass, a Harvard study on the ROI of wellness programs found that businesses save $3.27 for every dollar spent on healthcare costs.

Overall, Gympass is benefiting from the increased emphasis on workplace wellness, with a 44% increase in corporate clients in 2022 compared to 2021, including Citizens Bank, SeatGeek, and the University of Phoenix. According to the well-being platform, organizations that use Gympass can achieve 43% higher retention rates and up to 25% lower annual employee healthcare costs than those that do not.

Gympass has been busy collaborating with other wellness organizations such as Thrive Global, Headspace, Sleep Cycle, 24 Hour Fitness, Orangetheory Fitness, and CorePower Yoga, which it says helps keep the platform as flexible and adaptable for all employees as possible.

Headspace was one of Gympass’s fastest-growing apps within the first week of launch at the start of the year, demonstrating that mental health is just as important to employees as physical well-being.

“Gympasss and its partners are lowering the barriers to entry for well-being,” said Cesar Carvalho, CEO and co-founder of Gympass. “We’re building a more accessible, flexible platform so that people can take care of themselves based on their own individual needs, whether that is physical or emotional health, nutrition, sleep or other interests. Gympass’ growth is a direct result of our expansion and investment into these areas – and we’re not slowing down.”

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Gympass Adds Headspace to Mind https://athletechnews.com/gympass-headspace-partnership/ Sat, 21 Jan 2023 10:27:12 +0000 https://athletechnews.com/?p=92932 Gympass’s present-day addition to its Wellbeing network is mindfulness and meditation-based platform Headspace. The business move comes courtesy of a new partnership between Gympass and Headspace Health in an effort to help provide better mental health services for clients’ employees. After a year filled with momentous announcements regarding company alliances, Gympass is kicking off 2023…

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Gympass’s present-day addition to its Wellbeing network is mindfulness and meditation-based platform Headspace. The business move comes courtesy of a new partnership between Gympass and Headspace Health in an effort to help provide better mental health services for clients’ employees.

After a year filled with momentous announcements regarding company alliances, Gympass is kicking off 2023 with another for the betterment of mental health in the workplace. The corporate wellness platform’s new partnership with digital mental health provider Headspace Health will now give employers the option to offer Headspace to employees. Headspace, which is a mindfulness and meditation-based wellness program, will be found in the Mind section of Gympass’s database for users to engage with the many hours of guided meditations, sleep, focus, and movement exercises and other content embedded within.  

The new business collaboration between Gympass and Headspace Health follows the release of the former’s salient work-life balance report in late 2022. The company’s report, titled “The State of Work-Life Wellness,” showed a “crisis of wellbeing” in which employees appeared dissatisfied with their workplace wellness amenities, or a lack thereof.  

“Today’s employees aren’t willing to put their mental health and wellbeing at risk in favor of a paycheck — and that’s not just my assumption,” says Gympass CEO and co-founder Cesar Carvalho in a press statement.  

Carvalho adds, “In our 2022 State of Work-Life Wellness Report we found that wellbeing is just as important as salary for more than 80% of employees globally. This indicates a massive shift in mindset that has only been accelerated by the past few years. Gympass’ goal, in tandem with Headspace Health, is to help employers better support their employees’ mental health and wellbeing.”

“The responsibility falls on employers to care for their people. By offering Headspace’s easily accessible, beloved and evidence-based resources alongside fitness and nutrition tools, organizations can create positive impacts on talent acquisition and retention while fostering a happier, more productive workforce.”

Headspace Health CEO Russell Glass also believes Headspace and Gympass’s nascent relationship will help to reinforce the focus on mental health in the workplace. He says, “Our mindfulness and meditation resources are a wonderful way for companies to help cultivate healthier employees and more productive teams. We are thrilled to work alongside Gympass in helping people all around the world to prioritize their mental health and wellbeing, and to help employers make smarter leadership and benefits decisions to support their most important investment: their people.” 

Gympass and Headspace Health’s combined interest in helping to make businesses more adept in caring for the minds of those hired to perform services and lead teams marks the latest chapter for mental health in the workplace.

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Gympass Makes Two Powerful Partnerships with CorePower Yoga & 24 Hour Fitness https://athletechnews.com/gympass-24-hour-fitness-corepower-yoga/ Wed, 21 Dec 2022 01:00:00 +0000 https://athletechnews.com/?p=92549 Gympass has agreed to two more partnership deals — with 24 Hour Fitness and CorePower Yoga. The latest business alliances come not long after the release of Gympass’ first annual State of Work-Life Wellness Report study. Gympass is bidding farewell to 2022 in a big way. Right on the heels of announcing a partnership with…

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Gympass has agreed to two more partnership deals with 24 Hour Fitness and CorePower Yoga. The latest business alliances come not long after the release of Gympass’ first annual State of Work-Life Wellness Report study.

Gympass is bidding farewell to 2022 in a big way. Right on the heels of announcing a partnership with Stronger U Nutrition, the acclaimed corporate wellbeing platform has also partnered with CorePower Yoga and 24 Hour Fitness. This news comes not long after the release of Gympass’ inaugural State of Work-Life Wellness Report, which sheds light on the present work-life imbalance in today’s society, per Gympass’ findings from the study.  

Gympass members in the United States will now be able to go to any of CorePower Yoga’s 180-plus locations for their fitness needs. In addition, both 24 Hour Fitness and Gympass lovers can merge their affinity for both brands, thanks to the duo’s new collaborative business effort. In a statement for the press, Gympass CEO and co-founder Cesar Carvalho explains why he feels so confident about his company’s decision to partner with 24 Hour Fitness.

Man doing yoga

“Adding 24 Hour Fitness to Gympass’ roster of fitness studios strengthens our mission to make wellbeing universal by offering employees a range of wellness studios they can take advantage of at any time that works for them,” says Carvalho. Indeed, Gympass users can take advantage of any of the nearly 300 24 Hour Fitness gyms across the country. 

As for the new CorePower Yoga partnership deal with Gympass, the latter’s vice president of Partnerships, Massi Sardi, tells Athletech News about the significance this alliance represents for placing more attention on work-life wellness for all. He explains, “The past few years have shown us just how important it is to prioritize wellbeing — in and outside of the workplace — and this partnership with CorePower Yoga empowers employees to take care of both their mental and physical health through the mindfulness of yoga. When employers can support their teams with these tools, we see more engaged, happier employees and a healthier workforce overall.”

Woman on yoga mat

CorePower Yoga’s chief of staff and head of Strategy, Alex Pasley, adds, “We are excited to expand our corporate wellness strategy with an industry-leading partner like Gympass. Our partnership with Gympass will help to grow our student community across the country and bring more yoga to more people in service of overall health and wellbeing. Workers today demand more work-life balance and physical and emotional health. We’re thrilled to work with a company whose mission advances the availability of critical wellbeing options for modern workforces.” 

Over 10,000 companies utilize Gympass’ well-rounded network of fitness trainers, gyms, classes, and apps to suit the health and wellness needs for a number of employees.

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Gympass to Offer Personal Nutrition Coaching for Clients https://athletechnews.com/gympass-to-offer-nutrition-coaching/ Fri, 09 Dec 2022 14:30:00 +0000 https://athletechnews.com/?p=92073 All-in-one corporate wellness platform Gympass has partnered with Stronger U Nutrition in order to help users with their nutrition needs. With the help of a Stronger U coach, Gympass customers can receive personalized nutrition plans best fit to complement their unique health and fitness goals. Gympass consumers can tackle their nutrition goals with the help…

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All-in-one corporate wellness platform Gympass has partnered with Stronger U Nutrition in order to help users with their nutrition needs. With the help of a Stronger U coach, Gympass customers can receive personalized nutrition plans best fit to complement their unique health and fitness goals.

Gympass consumers can tackle their nutrition goals with the help of the all-in-one subscription platform’s newest partnership with Stronger U Nutrition. Deemed as Gympass’ first nutrition coaching program on offer, Stronger U provides personalized nutrition plans created by a Stronger U coach based on completed questionnaires from clients. With weekly coach check-ins and targeted goals, Stronger U is poised to help Gympass users in the United States and United Kingdom get a better grip on their health and fitness objectives. Gympass Co-Founder and CEO Cesar Carvalho stresses the cornerstone of the company’s mission is wellness overall, encompassing more than just being physically fit. 

“Adding Stronger U Nutrition to Gympass’ list of wellbeing services further advances our mission to make well being accessible and offer adaptable employee wellness solutions that help users take advantage of their wellness journey in a way that works best for them… by expanding our 1:1 coaching applications to nutrition, we’re able to support Gympass users with a range of tools fit for each of their ever-evolving needs,” says Carvalho. 

Stronger U Nutrition President Adam Zeitsiff adds, “Gympass knows wellness isn’t one-size-fits-all and that empathetic support from an expert coach is critical to a person’s journey, and this is especially true when it comes to nutrition. We’re thrilled to partner with a company that acknowledges the importance of physical and mental wellbeing on an individual level and whose mission is to bring this support to millions of people around the world.”

In earlier months, Gympass made headlines for partnering with Orangetheory Fitness and Les Mills, and in 2021 raised a $220 million Series E funding round. That $220 million placed the company’s valuation at $2.2 billion. Gympass touts itself as the only corporate wellbeing platform that offers users access to over 50,000 gyms and fitness studios, including The Bar Method, NYSC, The Y, F45, and Gold’s Gym.

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Gympass’s Work-Life Balance Report Shows ‘We’re in a Crisis of Wellbeing’ https://athletechnews.com/work-life-balance-report-by-gympass/ Wed, 23 Nov 2022 01:00:00 +0000 https://athletechnews.com/?p=92297 There seems to be an imbalance between work and life, according to a recent study conducted by corporate wellness platform Gympass. The company’s report titled “The State of Work-Life Wellness” dives into workplace wellness, particularly in how employees view their wellbeing at work, and the importance of a healthy work environment for both employee and…

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There seems to be an imbalance between work and life, according to a recent study conducted by corporate wellness platform Gympass. The company’s report titled “The State of Work-Life Wellness” dives into workplace wellness, particularly in how employees view their wellbeing at work, and the importance of a healthy work environment for both employee and employer.

The topic of work-life balance has become quite the buzzworthy one within the present decade. The notion of it was certainly tested within the past several years due to the onset of the COVID-19 global health pandemic. With working parents pivoting from office work to at-home Zoom life while navigating a schedule not so routine, the current landscape sits at a crossroads. How do we balance work and life now with kids back in the classroom and offices inviting employees back to cubicles with sane minds and healthy bodies? Even more so, how do we balance work and life in a year partially signified by “The Great Resignation,” where both “quiet quitting” and “loud quitting” dominate business and culture headlines? 

According to a recent study conducted by Gympass, titled “The State of Work-Life Wellness,” it’s become clear there’s hardly any balance at all when it comes to our work lives in alignment with our home lives. In fact, the study shows we as a society are in a “crisis of wellbeing.” “The way we’re approaching work isn’t working,” states Gympass CEO and Founder Cesar Carvalho. Carvalho believes employers have a responsibility to “confront this crisis head-on” using a variety of solutions such as fitness, healthy eating or mental health. With one-third of our lives spent working, Carvalho claims it’s the duty of employers to ensure employees are not only encouraged to live healthy lives, but that the former should make active plans to provide resources for the latter to do so. “We, as leaders, all want our employees to thrive, both at work and in their personal lives. But we first must listen to our people to make that vision possible, so let’s hear what they have to say,” adds Carvalho.  

Gympass’s own research uncovered 48 percent of employees who said their wellbeing declined in 2022, with over 25 percent of Americans being despondent over their job roles and 48 percent of Americans unsatisfied with the lack of care for their wellbeing at work. 

With the concept of work-life wellness viewed through body, mind, and life, Gympass’s work-life balance report involves 9,000 employees, who were asked about their own practices and thoughts on workplace wellbeing. The results of Gympass’s study were staggeringly clear — a healthy workplace bodes for healthy employees and vice-versa. 

83 percent of those surveyed said their wellbeing is just as important as their salary, and 85 percent were found to be more likely to stay at their jobs if their employers were dedicated to a focus on wellbeing. In addition, 77 percent said they would consider leaving a company that didn’t focus on their wellbeing at all.   

Unfortunately, the study shows that while employees are well aware of the importance of wellness in the workplace, they are at odds with their own wellbeing at work. In the United States, 46 percent of Americans rated their wellbeing as “okay, poor, or struggling.” That percentage was higher, at 56 percent, in the United Kingdom, using the same markers. In Brazil, 20 percent of respondents claimed their wellbeing as “okay, poor, or struggling.” On a global scale, 36 percent of respondents do not think their employer is committed to their wellbeing. 

Gympass’s “The State of Work-Life Wellness” shows an apparent disconnect between employer and employee where workplace health is concerned. But, this can change for the better, if employers decide to prioritize the wellbeing of their employees. The work-life balance report by Gympass states, “Employers who humanize their workplace and create a culture where employees feel taken care of both in and out of the workplace will wind up with employees who feel fulfilled and secure.” Corporate wellness platforms like Gympass who are finding ways to combat employee burnout and dissatisfaction by offering wellness programs will most likely encounter high employee retention numbers and, in general, a robust workplace environment. 

The study declares in conclusion, “The answer lies in creating a culture of wellbeing, where employees feel not only supported, but incentivized to take breaks, recharge, and prioritize movement. This is creating a corporate culture of care. This, to us, is the epitome of work-life wellness.” The “State of Work-Life Wellness” report is a step in the direction of proving healthy work-life balance is a viable way to altogether improve daily life. 

“There’s an altruistic element to supporting our employees in this way, but it also has a positive impact on our bottom lines when employees are happier, healthier, and more engaged,” Carvalho stresses. “That’s what the ‘State of Work-Life Wellness’ report aims to help employers navigate, and we hope other companies will join us in prioritizing the wellbeing of our employees together.”

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BREAKING: Orangetheory Fitness Joins Gympass Conglomerate https://athletechnews.com/orangetheory-joins-gympass-conglomerate/ Tue, 02 Aug 2022 14:01:00 +0000 https://athletechnews.com/?p=91152 A year after doubling its worth to $2.2 billion, Gympass continues to elevate its business profile by adding another premier fitness brand to its roster — Orangetheory Fitness Gympass has done it again. Following announcements of partnering with Les Mills, LA Fitness and Strava, among others, the world’s largest employee wellness platform has added Orangetheory…

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A year after doubling its worth to $2.2 billion, Gympass continues to elevate its business profile by adding another premier fitness brand to its roster — Orangetheory Fitness

Gympass has done it again. Following announcements of partnering with Les Mills, LA Fitness and Strava, among others, the world’s largest employee wellness platform has added Orangetheory Fitness to its thrilling offerings. According to the platform, Gympass’ new business relationship with Orangetheory Fitness has been on the wishlist of members and comes at a crucial time as more individuals seek in-person exercise as pandemic restrictions continue to ease.

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Gympass CEO and co-founder Cesar Carvalho stated on the occasion, “Our mission at Gympass has always been to make well-being universally accessible, and with Orangetheory in the fold, we are one step closer to achieving this goal. OrangeTheory is a true giant in the fitness world, and we are elated to bring the studio’s innovative, science-backed workouts to our Gympass members. At a time when wellness benefits have become crucial to employee retention and recruitment, giving employees access to a fitness brand as ubiquitous as Orangetheory will be an incredible asset to HR departments across the country.”

Gympass is known and respected for providing their employees with the same health and wellness offerings they give clients as a company benefit.

Orangetheory Fitness founder and CEO Dave Long also agrees the burgeoning relationship between his company and Gympass will only prove to be beneficial for both parties, their employees and their client base. “Gympass is a true innovator in the corporate wellness space, and we’re thrilled to have the opportunity to leverage their expertise and roster of clients to grow our community by making Orangetheory more accessible to thousands of corporations and their employees,” he said. 

Long added, “Orangetheory is all about the science, and the proof is there that wellness programs are critical to employees’ health and productivity. We can’t wait to welcome Gympass users to our family and become a part of their fitness journeys.”

Gympass celebrated its 10th anniversary in late June, and within a decade of its existence has grown to offer a wide array of fitness programs. In the past year, the employee wellness platform acquired Trainiac, Andjoy and 7Card (based in Seattle, Spain and Romania, respectively). Now Gympass users have the option to enjoy Orangetheory Fitness classes as well for their needs.

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Gympass Expands as it Acquires Andjoy & 7Card https://athletechnews.com/gympass-expands-buys-andjoy-7card/ Wed, 09 Feb 2022 18:52:49 +0000 https://athletechnews.com/?p=90119 The corporate wellness unicorn is expanding its fitness footprint Gympass, a Brazil-founded corporate well-being platform with a coveted unicorn status, has announced the expansion of its European fitness footprint with the acquisition of Andjoy in Spain and 7Card in Romania. Gympass says the acquisition of Andjoy, a platform for corporate fitness, will help strengthen its…

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The corporate wellness unicorn is expanding its fitness footprint

Gympass, a Brazil-founded corporate well-being platform with a coveted unicorn status, has announced the expansion of its European fitness footprint with the acquisition of Andjoy in Spain and 7Card in Romania.

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Gympass says the acquisition of Andjoy, a platform for corporate fitness, will help strengthen its position in Spain and expand its network. Andjoy, founded in Barcelona in 2013, has grown to include 2,200 wellbeing partners. The acquisition will bring over 400 corporate clients like Glovo and Iberdrola, as well as new partners CET10 and Aiguajoc. 

“We’re very excited to be a part of Gympass’ journey,” said Javier Calderero, Director of Operations at Andjoy. “We have a very similar vision for the future and our clients and partners will no doubt see the benefits of us working together. Through this acquisition we’ll reach new audiences and continue to grow, eliminating barriers to activity and promoting healthy habits.”

7Card, a well-being leader in the Romania market, will assist Gympass in making well-being universal with its 1,000+ corporate clients and 600+ partners.

“These acquisitions continue our exciting progress at Gympass, expanding our business in Europe as we continue to grow worldwide,” said Cesar Carvalho, co-founder and CEO at Gympass. “Andjoy will enable us to offer an even better service to our clients in Spain, and we see Romania as an exceptional opportunity to expand and revolutionize the wellbeing market there.”

Carvalho developed the concept for Gympass when he was a consultant for McKinsey & Company. As he was constantly traveling for work, he faced difficulties finding fitness solutions and wanted to create a “shared economy” for fitness facilities. Carvalho also recognized physical inactivity as a global issue.

In addition to Andjoy and 7Card, Gympass and Sodexo have signed a commercial agreement. The deal will enable Sodexo to offer the Gympass platform to its clients across the globe. 

Gympass closed out 2021 with the acquisition of Trainiac, a 1-on-1 online personal training leader. The company says a global rollout will occur throughout the rest of the year.

Last February, Athletech News talked to Gympass about its success with helping clients go virtual in two weeks.

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Gympass Worth $2.2 Billion Now https://athletechnews.com/gympass-worth/ Wed, 14 Jul 2021 16:53:00 +0000 https://athletechnews.com/?p=74647 Investment in Gympass, once a tech “unicorn,” stalled during the pandemic but now financiers think people are returning to the gym for good. “Corporate wellbeing platform” Gympass has raised another $220 million in private investor money, doubling its worth to $2.2 billion in a sign that investors think that people have returned to fitness spaces…

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Investment in Gympass, once a tech “unicorn,” stalled during the pandemic but now financiers think people are returning to the gym for good.

“Corporate wellbeing platform” Gympass has raised another $220 million in private investor money, doubling its worth to $2.2 billion in a sign that investors think that people have returned to fitness spaces for good, as infection rates and economic effects of the COVID-19 pandemic recede in many countries.

Though it has added mental health and nutrition apps in its quest to become an all-in-one wellness resource, Gympass’ main draw has been access to a variety of gyms and fitness studios, for a flat fee or as part of an employee benefits package. Corporations are increasingly offering such programs to their workers, encouraging healthy living and therefore prevent employee burnout and containing insurance costs. McDonalds, Unilever and Santander are among Gympass’ 2,000 clients.

The new round of investment in the nine-year-old, Brazilian-based company, led by SoftBank, is its first since the onset of the pandemic. Other investors increasing Gympass’ worth included General Atlantic, Moore Strategic Ventures, Kaszek and Valor Capital Group.

In June of 2019, investors, again led by SoftBank, poured $300 million into the coffers of the company, leading some to designate it a “unicorn” tech company.

Cesar Carvalho, company CEO and co-founder, said that he founded Gympass over his frustration in not being able to work out while travelining. But over the course of its history, it has increasingly emphasized its offering as a benefits package and branded itself as a “corporate wellness platform,” differentiating it from the American ClassPass.

The new swell of cash shows that some investors are confident people are returning to the physical fitness spaces that are the main offering to Gympass users, many of which shuttered and then were approached warily during the pandemic. Gympass claims in a press release that users utilized the program to make four million in-person visits in May, a company record.

Carvalho said that Gympass will use funds to further invest in the U.S. market and for product development, including the development of AI to guide clients in meditation, physical workouts and nutrition plans.

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