ClassPass

Last updated
ClassPass
Industry Fitness, Wellness, Lifestyle
FoundedJune 1, 2013;12 years ago (2013-06-01)
FoundersPayal Kadakia
Sanjiv Sanghavi
Headquarters New York City, New York, U.S.
Area served
Worldwide
Key people
Fritz Lanman, CEO
Payal Kadakia, Chairwoman
Parent Playlist
Website classpass.com
Footnotes /references
[1]

ClassPass is an American company operating a subscription platform for fitness, wellness, lifestyle experiences, and more. Founded in 2013, it was acquired by Mindbody Inc in 2021. In June 2025, Playlist was created as a parent brand, uniting ClassPass with Mindbody & Booker under a single identity. [2]

Contents

History

The company was founded by Payal Kadakia and Sanjiv Sanghavi as Classivity in 2010. [3] [4] [5] [6] In 2012, the company launched Passport, allowing users to try one fitness class at a new studio. [7] The company expanded its product to a subscription. [7] [8] [9] The company brought on Mary Biggins to help build the new company, and ClassPass was developed in June 2013. [7] [10] [11] [8] In January 2014, Classtivity was rebranded as ClassPass. [5]

Sanghavi left in January 2014. [3] [12] [13] The same year, ClassPass acquired FitMob. [14] An earlier version of the company's product was intended to sell a better registration system to fitness studios but this did not receive much interest. [15]

In March 2017, Payal Kadakia swapped roles with Fritz Lanman, with Lanman becoming CEO and Kadakia becoming Executive Chairman. [16] [17] In August 2017, the company announced an expansion to New Orleans, Pittsburgh, San Antonio, Cincinnati, Calgary, Honolulu, Indianapolis, Milwaukee, Riverside, California, and Salt Lake City. [18] [19] In March 2018, ClassPass began offering live-streamed fitness classes. [20] [21] [22]

In January 2019, ClassPass acquired Guavapass. [23] Later that year, in October, Classpass acquired Swedish competitor Fitness Collection. [24] Chilean-based MuvPass and ClickyPass, based in Argentina, were acquired in early 2020. [25]

ClassPass was acquired by Mindbody Inc in 2021. [26]

In 2024, the company added food and beverage partners, allowing users to spend credits at participating cafes. [27]

Financing

ClassPass received seed funding of $2 million in March 2014, then attracted $12 million in Series A round funding from entrepreneur Fritz Lanman in September 2014. In 2015, it received $40 million of Series B funding from General Catalyst and Thrive Capital. [8] The company was valued as over $200 million. [28] Classpass received an additional $30 million of funding in November 2015 led by Google Ventures. [29] ClassPass announced a $70 million Series C led by Temasek Holdings in May 2017 that valued the company at $470 million. [30] [31] In July 2018, it raised US$85M in financing led by Temasek to expand into Asia. [32] In January 2020, it raised $285 million in funding at a $1 billion valuation. [33] In October 2021, the company was acquired by Mindbody Inc. [34]

Criticism

ClassPass has been criticized for undercutting the business model of the health clubs that it relies on, with a 2015 article in The New York Times describing it as a "middleman" between consumers and health clubs, and arguing that a "power imbalance" exists between the health clubs' owners and ClassPass which mirrors the relationship with other digital intermediary services such as Amazon.com and Uber. [35] The service has accounted for lower margins at some gyms where owners limit the number of members "to prevent being cannibalized". [36]

In May 2025, ClassPass disclosed data in an article with Athletech News to prove their incremental value to partners in the industry.

See also

References

  1. "ClassPass: Meet the Team".
  2. "Introducing Playlist, the Next Generation Platform for Wellness Experiences | Playlist". www.playlist.com. 2025-06-04. Retrieved 2025-06-17.
  3. 1 2 Sorvino, Chloe (June 17, 2016). "Why Failing Twice Helped ClassPass's Payal Kadakia Build A $50 Million (And Growing) Fortune". Forbes .
  4. Crockett, Zachary (10 October 2017). "Sh*t, I'm F*cked: Payal Kadakia, Founder of ClassPass". The Hustle. Retrieved 11 November 2024.
  5. 1 2 Carson, Biz (October 20, 2015). "How this world-class dancer went from failing twice to a $30 dollar fitness empire". Business Insider .
  6. Arata, Emily (December 15, 2015). "I Want Your Job: Payal Kadakia, Cofounder And CEO Of ClassPass". Elite Daily .
  7. 1 2 3 Lagorio-Chafkin, Christine (5 July 2019). "ClassPass Was a Beautiful Website and a Cool Company--With No Users or Investors. Here's How the Founder Turned It Around". Inc.
  8. 1 2 3 Crook, Jordan (January 15, 2015). "Classpass Is In Session With $40 Million In Series B". TechCrunch .
  9. "Payal Kadakia: How to price your product to scale". Masters of Scale .
  10. Crook, Jordan (2013-09-18). "Classtivity Pivots To Subscription Model So You Actually Work Out". TechCrunch. Retrieved 2024-11-11.
  11. "The incredible rise of Class Pass in 2013 by Payal Kadakia". TheMilSource (TMS). 2020-03-14. Retrieved 2024-11-11.
  12. Marikar, Sheila (November 3, 2014). "How one fitness entrepreneur raised $14 million". Fortune .
  13. Maltby, Anna (January 27, 2015). "This Company Will Get You Into Unlimited Fitness Classes". Fast Company .
  14. Crook, Jordan; Buhr, Sarah (2015-04-23). "ClassPass Acquires Competitor FitMob". TechCrunch. Retrieved 2024-10-15.
  15. Shontell, Alyson (July 31, 2014). "How Getting Mugged And Maced Helped A World-Class Dancer Save Her Struggling Startup". Business Insider .
  16. Crook, Jordan (March 17, 2017). "Fritz Lanman takes CEO role at ClassPass as founder Payal Kadakia steps in as Chairman". TechCrunch .
  17. "Work It Out". The Estée Lauder Companies .
  18. "ClassPass Announces Plans for North America Expansion Leading into 2018" (Press release). Business Wire. August 22, 2017.
  19. Abrams, Margaret (August 24, 2017). "ClassPass Is Coming Soon to a City Near You". The New York Observer .
  20. Crook, Jordan (March 14, 2018). "ClassPass Live launches on-demand workouts from home". TechCrunch .
  21. Sorkin, Andrew Ross (January 26, 2018). "Live-Streaming Fitness: ClassPass's New Product". CNBC .
  22. Carman, Ashley (December 6, 2017). "ClassPass will let you live stream fitness classes at home for $15 a month". The Verge .
  23. Crook, Jordan (January 7, 2019). "Fitness marketplace ClassPass acquires competitor GuavaPass". TechCrunch .
  24. Novac, Dragos. "Fitness Collection was acquired by US-based Classpass". Nordic 9. Retrieved 2024-10-15.
  25. Iino, Josefina Domínguez (2020-03-02). "ClassPass acquires MuvPass and ClickyPass as part of its expansion throughout Latin America". LatamList. Retrieved 2024-10-22.
  26. Mariam Rajesh, Ananya (14 August 2024). "Mindbody ClassPass to go public in 12-18 months, CEO says". Reuters. Retrieved 15 October 2024.
  27. Fedeli, Kristen (2024-03-12). "ClassPass Enters Food & Beverage". Fitt Insider. Retrieved 2024-11-26.
  28. Chernova, Yuliya (March 12, 2015). "ClassPass, Valued at More Than $200M, Taps Into Gym Craze" . The Wall Street Journal .
  29. Crook, Jordan (11 November 2015). "Confirmed, ClassPass Raises $30 Million Series C From Google Ventures". TechCrunch .
  30. Crook, Jordan (June 16, 2017). "ClassPass secures $70 million Series C led by Temasek". TechCrunch .
  31. Chernova, Yuliya (June 16, 2017). "ClassPass Taps $70 Million in 'Down' Round" . The Wall Street Journal .
  32. RAPHAEL, RINA (July 31, 2018). "ClassPass just raised $85 million, celebrates with new "audio fitness" app". Fast Company .
  33. O'Brien, Sara Ashley (January 8, 2020). "Fitness startup ClassPass is now a unicorn". CNN .
  34. Thomas, Lauren (October 14, 2021). "Mindbody acquires workout subscription platform ClassPass as fitness industry rebounds". CNBC .
  35. Wortham, Jenna (March 9, 2015). "ClassPass and the Joy and Guilt of the Digital Middleman Economy" . The New York Times Magazine .
  36. BOUW, BRENDA (March 24, 2019). "Fitness subscription service ClassPass brings new business to studios, but at what cost?". The Globe and Mail .