Planet Fitness

company

About

Planet Fitness is a provider of fitness training programs and classes.

Details

Last Funding Type
Post-IPO Debt
Last Funding Money Raised
$550M
Industries
Fitness,Health Care,Training,Wellness
Founded date
Jan 1, 1992
Number Of Employee
501 - 1000
Operating Status
Active
Stock Symbol
nyse:PLNT
Legal Name
Planet Fitness Franchising, LLC

Founded in 1992 in Dover, N.H., Planet Fitness (NYSE: PLNT) is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations. With more than 1,000 locations in 47 states, the District of Columbia, Puerto Rico, Canada, and the Dominican Republic, Planet Fitness' mission is to enhance people's lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, which we call the Judgement Free Zone®. More than 90% of Planet Fitness stores are owned and operated by independent business men and women.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
5
$550M
Planet Fitness has raised a total of $550M in funding over 2 rounds. Their latest funding was raised on Nov 20, 2019 from a Post-IPO Debt round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Nov 20, 2019 Post-IPO Debt $550M Detail
Mar 14, 2017 Post-IPO Equity 1 Atlantic Street Capital Detail
Aug 7, 2015 IPO Detail
Oct 1, 2013 Series Unknown 1 Detail
Jan 18, 2013 Private Equity(PE) 1 TSG Consumer Partners Detail

Investments

Number of Investments
Number of Lead Investments
1
1
Planet Fitness has made 1 investments. Their most recent investment was on Mar 17, 2021, when iFIT raised $25M.
Date Company Name
Round Money Raised Industry Lead Investor
Mar 17, 2021 iFIT
Series B $25M Fitness Yes

Investors

Number of Lead Investors
Number of Investors
2
3
Planet Fitness is funded by 3 investors. Atlantic Street Capital and TSG Consumer Partners are the most recent investors.
Investor Name Lead Investor Funding Round
Atlantic Street Capital Yes Post-IPO Equity
TSG Consumer Partners Yes Private Equity(PE)
ClearLight Partners Series Unknown

Employee Profiles

Number of Employee Profiles
13
Planet Fitness has 13 current employee profiles, including Executive Michael Grondahl
Executive
Employee
Executive
Executive
Executive

Acquisition

Planet Fitness has acquired 1 organizations. Their most recent acquisition was Sunshine Fitness on Jan 11, 2022. They acquired Sunshine Fitness for $800M.

Date Company Name
Industry Acquisition Type Price
Jan 11, 2022 Sunshine Fitness
Fitness acquisition $ 800M Detail