Tech companies in the US, Europe, and Asia continue to take billions of dollars from SoftBank's Vision Fund. Gympass was one of them.
. In each case, these startups raised hundreds of millions or even billions of dollars in a single round.Getty
Business Insider raised Khashoggi's murder with Gympass CEO Cesar Carvalho during a wider interview and asked whether accepting SoftBank's money had given him any pause. Carvalho then echoed something other SoftBank startups have told us: that being in a portfolio with category-leading companies like WeWork and Uber is too valuable an opportunity to throw away.
As a condition of accepting funding from SoftBank, Carvalho asked the Vision Fund to facilitate business ties with its other portfolio companies. As a result, Gympass counts both Uber and WeWork among its customers, giving it instant access to millions of employees, drivers, and shared office members and, presumably, a revenue boost.
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