Monday, March 4, 2024
HomeStartup NewsGymondo's Parent Company 7NXT Acquired 7Mind

Gymondo’s Parent Company 7NXT Acquired 7Mind

Gymondo's parent company 7NXT acquired 7Mind to establish a comprehensive consumer digital platform for both physical and mental health and wellbeing.

Gymondo’s parent company 7NXT acquired 7Mind to establish a comprehensive consumer digital platform for both physical and mental health and wellbeing.

With over 500,000 paying members, Gymondo is the top D2C online fitness platform in the DACH region, providing training videos, tailored nutrition programmes, and customised fitness regimens.

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7Mind, a prominent leader in the German digital healthcare market, provides mindfulness services and has its headquarters located in Berlin. Since its founding in 2015, 7Mind has grown rapidly, resulting in double-digit revenue growth and robust margins from 2020 to 2022.

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By incorporating 7Mind, 7NXT will be able to provide users with a comprehensive offering by expanding its product line to include mindfulness and meditation content.

7NXT founder & CEO Markan Karajica said: “This is a transformational deal for 7NXT and Gymondo, which will help to diversify our business, increasing our B2B customer base while adding valuable mindfulness content for our existing and new customers. It’s a win-win combination, and we are pleased to welcome 7Mind on our journey to build an international market leader for physical and mental wellbeing.”

Oakley Capital actively invests in 7NXT. Oakley Capital founder and Managing Partner Peter Dubens said: “Markan and his team have successfully leveraged the power of social media and influencers to build a powerful online fitness brand. Adding 7Mind will transform Gymondo into one of the leading one-stop shops for fitness and wellbeing, catering to consumers and corporates alike. It also demonstrates Oakley’s ability to nurture digital-first businesses and support portfolio companies with strategic acquisitions.”

About 7NXT’s

Three businesses in 7NXT’s portfolio are presently centred on the fitness and wellness industry. Their goal is to assist millions of individuals in adopting better lifestyles. Gymondo is the biggest online fitness and health programme provider in German-speaking markets, and it pushes its users to work out daily.

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About 7Mind

Europe’s most widely used mindfulness app is called 7Mind. More than 500 mindfulness activities and guided meditations are available on the app in Dutch, German, French, and English. The 7Mind App was created with the intention of making it simple to incorporate mindfulness and meditation into everyday life.

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