KANSAS
CITY, Mo., July 8, 2024 /PRNewswire/ -- Gymdesk, a
leading provider of member management software for fitness and
wellness businesses, has raised a $32.5
million growth investment from Five Elms Capital, a leading
software investment firm. This investment will fuel Gymdesk's
mission to expand and strengthen its solutions for the fitness
industry and widen its customer base across new verticals.
Investment to Accelerate Expansion and
Innovation in Boutique Fitness Management Software
"At Gymdesk, we've created an industry-leading product in a
market dominated by outdated solutions," says Eran Galperin, Founder and CEO of Gymdesk.
"We're excited to partner with Five Elms and leverage their
resources and expertise to continue growing our company as we take
our operations to the next level."
Since 2016, Gymdesk has empowered gym and studio owners with
simplified solutions for complicated operations. By employing
people with deep industry knowledge and maintaining close feedback
loops with its customers, Gymdesk has invested in innovation to
become a clear solution for gym owners. Today, Gymdesk provides
2,000+ gym and studio owners, across 34 countries, with the tools
to operate their businesses successfully.
The investment from Five Elms will deepen support for existing
and new customers, accelerate product development, and expand
market reach. As a result, Gymdesk is poised to set new standards
in the gym management industry, delivering unparalleled value to
its clients and the broader fitness community.
Austin Gideon, Principal at Five
Elms Capital, commented on the investment: "Gymdesk has
demonstrated remarkable growth and a strong commitment to
empowering gym owners with top-tier management solutions. We are
excited to support Eran and the Gymdesk team as they continue to
expand their impact in the fitness industry."
Discretion Capital served as the sole financial advisor to
Gymdesk on this transaction.
About Gymdesk
Gymdesk is a premier provider of management software designed to
simplify and enhance operations for gyms, martial arts schools,
yoga studios, membership clubs, and more. Offering a full business
management solution, Gymdesk helps boutique fitness businesses
manage their memberships, billing, marketing, and attendance
tracking, allowing them to focus on delivering exceptional fitness
experiences for their clients.
For more information about Gymdesk, please visit
gymdesk.com.
About Five Elms Capital
Five Elms Capital is a global growth equity firm that invests in
fast-growing B2B software businesses that users love. Five Elms
provides capital and resources to help companies accelerate growth
and further cement their role as industry leaders.
Since its inception in 2007, Five Elms has focused exclusively
on software investing, building an unmatched network and deep
domain expertise. Today, with over $2.4
billion in assets under management and a global team of over
70 investment professionals, Five Elms has invested in more than 65
software platforms globally.
For more information about Five Elms Capital, visit
www.fiveelms.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/gymdesk-announces-a-32-5-million-strategic-growth-investment-from-five-elms-capital-302191152.html
SOURCE Five Elms Capital