Temasek led a round that increased the total raised by GV-backed fitness membership platform ClassPass to $255m.
ClassPass, a US-based gym membership service backed by internet and technology conglomerate Alphabet, has secured $85m in a series D round led by Singaporean government-owned investment firm Temasek.
L Catterton, the private equity firm backed by luxury consumer goods producer LVMH, also participated in the round, investing through its Growth Fund.
Founded in 2013, ClassPass operates a subscription-based service that gives members access to fitness classes such as yoga, cycling and martial arts at more than 10,000 partnered gyms across 50 cities around the world.
The company originally offered full access for a flat fee but has since transitioned to a dynamically priced credits-based system. The company has also developed a mobile app that enables users to follow along workout videos.
The funding will go to further expansion efforts, as ClassPass targets a presence in more than 20 countries and aims to launch in 10 additional US cities by the end of 2019. Michael Farello, managing partner of L Catterton, will join its board of directors.
ClassPass has raised $255m in equity funding to date, it said. GV, an early-stage investment subsidiary of Alphabet, contributed to a $70m series C round for the company in June 2017 that was also led by Temasek.
The series C round additionally featured brand development and investment firm M13 as well as Acequia Capital, CRV, General Catalyst and Thrive Capital. GV reportedly also backed a $30m round in 2015, though further details have not emerged.
ClassPass previously raised $40m in a series B round co-led by General Catalyst and Thrive Capital in 2015 as well as $12m in series A funding from assorted private investors and $2m in seed capital supplied by SV Angel and several individual backers in 2014.