Everhaus, a fitness startup offering flexible access to hundreds of studios, just secured $50 million in Series B funding, valuing it at $500 million, according to TechCrunch. This valuation comes as traditional gyms report a 5% decline in new membership sign-ups in markets where Everhaus operates, according to an Industry Analyst Report. The company now serves 200,000 active users across 10 major US cities, doubling its base in six months, per a Company Report. Users pay $99 to $149 monthly for credits redeemable at partner facilities, including high-end gyms and specialized studios, as detailed on the Everhaus Website. A clear tension exists: consumers demand diverse, flexible fitness options, while the established industry largely offers rigid, single-location memberships. Everhaus's rapid ascent suggests the fitness industry will accelerate adoption of flexible, multi-venue subscription models, compelling traditional gyms to innovate or risk sustained market share erosion.
How Flexible Fitness Platforms Compare to Traditional Gyms
Everhaus partners with over 500 fitness and wellness providers, offering diverse classes from yoga to cryotherapy, per a Press Release. A user survey revealed 70% of Everhaus members previously held multiple gym or studio memberships, citing cost and commitment as pain points, according to an Everhaus User Survey. The average user engages in 3-4 different types of fitness activities monthly, demonstrating high engagement and a preference for variety, according to Everhaus Data Analytics. The flexible fitness model directly addresses traditional fitness frustrations, suggesting that consumers prioritize variety and flexibility over single-venue loyalty.
Are There Cheaper Alternatives to Everhaus Gym Memberships?
Traditional gym chains like Gold's Gym and Planet Fitness report a 5% decline in new membership sign-ups in Everhaus markets, according to an Industry Analyst Report. This market shift is also impacting direct competitors; ClassPass, a similar service, saw its stock dip 3% after the Everhaus funding announcement, Bloomberg reported. In response, a major national gym chain is reportedly exploring its own flexible, multi-location pass system. Everhaus's aggressive growth is compelling both incumbents and direct competitors to adapt, suggesting a significant transfer of market share is underway.
