Corporate Sales Development Representative, ClassPass
A fitness membership across many gyms and fitness programs
Job no longer available
A fitness membership across many gyms and fitness programs
501-1000 employees
Job no longer available
501-1000 employees
Company mission
ClassPass's mission is to motivate people to lead inspired lives every day by introducing and seamlessly connecting them to soul‑nurturing experiences.
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Company mission
ClassPass's mission is to motivate people to lead inspired lives every day by introducing and seamlessly connecting them to soul‑nurturing experiences.
Our take
ClassPass is a subscription service that lets users book and access a variety of fitness classes and boutique gyms under a single ClassPass membership so they can access a wider variety of exercises. Classpass' users has booked over 50 million sessions since they launched in 2012.
ClassPass struggled to with profitability in their early days, but now operate at an average 20 percent margin on each user. They were forced to raise prices and bundle subscriptions, which cost them some users but ended up with a more profitable user base.
Fitness is a big space, but it's competitive and there is plenty of competition in the subscription-for-classes space. ClassPass may eventually expand its subscription bundling of ‘experiences’ into verticals beyond fitness classes, which would increase their addressable market even more.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Free ClassPass membership
- Learning and development budget
- Subsidised bike share memberships
- Work from home opportunities
- Health insurance
Funding (last 2 of 7 rounds)
Jan 2020
$285m
SERIES E
Jul 2018
$85m
SERIES D
Total funding: $528.4m
This company has top investors
Leadership
Payal Kadakia Pujji
(CEO & Co-founder)Previously Senior Associate Consultant at Bain and Associate Director at Warner Music Group. Also founded The Sa Dance Company
Mary Biggins
(Co-founder)Previously Product Manager at MBI, Country Manager at Vistaprint and VP Marketing at Betterment. Also co-founded MealPal
Fritz Lanman
(CEO, not founder)Previously led the Seed and Series A financing of ClassPass as an Angel investor. Took over as CEO in 2017. Previously held senior roles in Microsoft and founded Livestar, which he sold to Pinterest