- Companies
- Gymshark
Gymshark Revenue, Valuation, Funding & Investors
Gymshark is valued at $1.3B as of August 2020, a 3.9x multiple on its last reported $343M revenue.
Last Gymshark valuation
$1.3B
Undisclosed stage · Aug 2020
Last Gymshark funding round
$268M
Undisclosed stage · Aug 2020
Gymshark revenue
$343M
Undisclosed stage · Aug 2020
Key investors in Gymshark
General Atlantic
About Gymshark
Gymshark is a Solihull-headquartered online retailer of performance fitness apparel and accessories, shipping to over 180 countries. Founded in 2012, it designs collections including leggings, sports bras, hoodies, and training shoes for weightlifting, running, and yoga. Gymshark maintains a direct-to-consumer model via its website and app, bolstered by social media communities on Instagram and TikTok.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Revenue
$343M (Aug 2020)
Valuation
$1.3B (Aug 2020)
Gymshark Valuation
Gymshark is currently valued at $1.3B, based on its undisclosed-stage round in August 2020.
The $268M round was led by General Atlantic.
Gymshark valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Aug 2020 | Undisclosed stage | $1.3B | 3.9x |
Gymshark Revenue
Gymshark's latest recorded revenue is $343M, as of its undisclosed-stage round in August 2020. At a $1.3B valuation, that implies a 3.9x revenue multiple.
Gymshark revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Aug 2020 | $343M | $1.3B | 3.9x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Gymshark Funding History
Gymshark has raised a total of $268M across 1 funding round.
Gymshark funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2020 | Undisclosed stage | General Atlantic (lead) | $268M | $1.3B | Gymshark, a UK-based fitness apparel brand and community founded by Ben Francis in 2012, secured its first-ever external funding on August 14, 2020, through a strategic partnership with General Atlantic, a global growth equity firm. General Atlantic invested approximately $260-267.5 million for a 21% stake, valuing the company at over £1 billion and granting it unicorn status as one of fewer than 25 British firms to achieve this without prior external investment. Francis increased his ownership to over 70%, with Melis Kahya Akar joining the board to support international expansion, particularly in North America, Gymshark's largest customer market. The round marked Gymshark's entry into private equity funding after years of bootstrapped growth, fueled by direct-to-consumer sales and a massive social media presence of 12 million Instagram followers. Full-year revenues to July 2020 reached £258 million, up from £176 million in the prior 12 months to July 2019, with Q1 2020 as the strongest quarter for revenue growth despite the pandemic. Pre-tax profits rose to £18.4 million from £17.5 million. Gymshark thrived amid lockdowns by capitalizing on home fitness trends like running and cycling. The investment aims to accelerate global footprint while preserving brand authenticity in the resilient fitness apparel market. Gymshark launched community initiatives like a fund for virtual trainer classes and an NHS fundraising campaign raising over £180,000. Advisors included PwC and Gateley for Gymshark, and RBC Capital Markets with Freshfields for General Atlantic. |
Who has invested in Gymshark?
1 investor has backed Gymshark across its funding rounds, including General Atlantic.
Lead investors include General Atlantic.
Gymshark Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialGymshark Competitors
Gymshark competitors include listed companies like Bxn Holding, E-MART, Sailvan Times and Toread Holdings Group, and private ones like Rothy's and Brands for Less.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $211M | - | $1B | 4.7x | ||
| Publicly listed | $771M | $100M | $836M | 0.8x | ||
| Publicly listed | $21B | $1.6B | $1.4B | 0.5x | ||
| Publicly listed | $1.8B | $86M | $1.5B | 0.7x | ||
| Publicly listed | $206M | $14M | $1.5B | 5.4x | ||
| Private | - | - | $1.2B | - |
Gymshark Public Comps
Gymshark is still privately-owned, but its public comps include DR Corp, Yonex, Gold.com, Syoung Group, Wacoal Holdings, Premier Investments, Fox-Wizel, E-MART, Vedant Fashions and Johnson Health Tech.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $227M | $52M | 3.3x | 3.4x | 14.4x | 14.6x | |||
| $1.1B | $133M | 1.1x | 1.1x | 9.0x | 8.9x | |||
| $26B | $180M | 0.0x | 0.0x | 5.3x | 5.2x | |||
| $742M | $45M | 2.0x | 1.9x | 32.4x | 24.9x | |||
| $1.1B | $190M | 1.1x | 1.1x | 6.5x | - | |||
| $582M | $204M | 2.1x | 2.1x | 5.9x | 7.0x | |||
| $2.3B | $467M | 1.4x | - | 6.9x | - | |||
| $21B | $1.6B | 0.5x | 0.5x | 6.4x | 8.6x | |||
This data is available for Pro users. Sign up to see all Gymshark competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Gymshark
| When was Gymshark founded? | Gymshark was founded in 2012. |
| Where is Gymshark headquartered? | Gymshark is headquartered in Birmingham, United Kingdom. |
| Is Gymshark publicly listed? | No, Gymshark is a private, VC-backed company. |
| What is Gymshark's valuation? | Gymshark was last valued at $1.3B in its undisclosed-stage round in August 2020. |
| How much funding has Gymshark raised? | Gymshark has raised $268M across 1 funding round. |
| What was Gymshark's last funding round? | Gymshark's last funding round was a $268M undisclosed-stage round in August 2020, led by General Atlantic. |
| Who are Gymshark's investors? | Gymshark's investors include General Atlantic. |
| What is Gymshark's revenue? | Gymshark's latest recorded revenue is $343M (August 2020). |
| What is Gymshark's revenue multiple? | Gymshark's latest valuation implies a 3.9x revenue multiple ($1.3B valuation on $343M of revenue). |
| Which companies are comparable to Gymshark? | Companies comparable to Gymshark include Rothy's, Bxn Holding, E-MART, Sailvan Times, Toread Holdings Group and Brands for Less. |
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