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

Gymshark Overview

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

United KingdomBirmingham

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

Gymshark valuation by funding round
DateStageValuationRevenue Multiple
Aug 2020Undisclosed stage$1.3B3.9x

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

Gymshark revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Aug 2020$343M$1.3B3.9xUndisclosed 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

Gymshark funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2020Undisclosed stageGeneral Atlantic (lead)$268M$1.3BGymshark, 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

Investors in Gymshark by funding rounds participated
InvestorHQRoundsRoleFirst check

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Gymshark 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.

Public and private companies comparable to Gymshark
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Rothy'sUnited StatesSan Francisco, CAPrivate$211M-$1B4.7x
Bxn HoldingChinaChinaPublicly listed$771M$100M$836M0.8x
E-MARTSouth KoreaSouth KoreaPublicly listed$21B$1.6B$1.4B0.5x
Sailvan TimesChinaChinaPublicly listed$1.8B$86M$1.5B0.7x
Toread Holdings GroupChinaChinaPublicly listed$206M$14M$1.5B5.4x
Brands for LessUAEDubaiPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
DR Corp$227M$52M3.3x3.4x14.4x14.6x
Yonex$1.1B$133M1.1x1.1x9.0x8.9x
Gold.com$26B$180M0.0x0.0x5.3x5.2x
Syoung Group$742M$45M2.0x1.9x32.4x24.9x
Wacoal Holdings$1.1B$190M1.1x1.1x6.5x-
Premier Investments$582M$204M2.1x2.1x5.9x7.0x
Fox-Wizel$2.3B$467M1.4x-6.9x-
E-MART$21B$1.6B0.5x0.5x6.4x8.6x

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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.

See companies similar to Gymshark

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