The providers it works with like ClassPass, the company says, because it helps them “merchandise their excess inventory, find new customers and generate new streams of revenue.”
In particular, the company says it has had “a really strong entry” in several European markets, including the Netherlands, France and Sweden, and plans to continue to “heavily” invest in European and Latin markets.
The company plans to use the new capital in part to continue scaling its reservation and booking platform.
It also plans to grow within its existing geographies as well as expand into new countries.
ClassPass also plans to scale its corporate wellness program.