Gymdesk, a premier provider of member management software for fitness and wellness businesses, has secured a $32.5 million growth investment from Five Elms Capital, a renowned software investment firm. This funding will bolster Gymdesk’s mission to enhance and expand its solutions for the fitness industry and attract a broader customer base across new sectors.
“We have developed a top-tier product in a market filled with outdated options,” said Eran Galperin, Founder and CEO of Gymdesk. “Partnering with Five Elms allows us to leverage their resources and expertise to elevate our operations and continue our growth trajectory.”
Since its inception in 2016, Gymdesk has empowered gym and studio owners with streamlined solutions for complex operations. By employing experts with deep industry knowledge and maintaining close customer feedback loops, Gymdesk has driven innovation to become a preferred solution for gym owners. Currently, Gymdesk supports over 2,000 gym and studio owners across 34 countries, providing the tools they need for successful business operations.
The investment from Five Elms will enhance support for existing and new customers, accelerate product development, and expand market reach. Gymdesk is set to establish new benchmarks in the gym management industry, delivering exceptional value to its clients and the broader fitness community.
Austin Gideon, Principal at Five Elms Capital, remarked on the investment: “Gymdesk has shown impressive growth and a strong commitment to providing top-tier management solutions for gym owners. We are excited to support Eran and the Gymdesk team as they continue to make a significant impact in the fitness industry.”
Discretion Capital acted as the sole financial advisor to Gymdesk for this transaction.
