GymBeam has once again claimed the top spot with the largest e‑commerce investment in Slovakia. As one of the fastest-growing fitness and nutrition brands in Europe, it has completed a €30 million investment round led by PortfoLion Capital Partners with participation by the European Bank for Reconstruction and Development (EBRD). This transaction represents, following the entry of Crowdberry investors in 2019, another significant milestone in GymBeam’s journey toward becoming a European market leader, operating in more than 16 countries and serving over 2 million customers.
In the first investment round in 2019, contributions from 150 private Crowdberry investors enabled GymBeam to achieve more than a tenfold growth in revenues and workforce (currently 640 employees), expand into Western Europe, and subsequently secure a fivefold larger investment of €30 million from institutional investors Portfolion and EBRD. The new capital will support the company’s continued expansion, including acquisitions of companies in Western and Central European markets, strengthen distribution infrastructure, implement advanced automation solutions, and facilitate a strategic acquisition in Germany.
The transaction was supported by Rothschild & Co (with CORPIN), AKF Legal, BCG, PwC, Dentons (GymBeam), Ernst & Young, Havel & Partners, Deloitte Legal, and CMS (investors), as well as A&O Shearman (Crowdberry).
A €30 Million Investment
The investment is the result of a competitive process that attracted multiple equity and debt offers. It underscores the strong confidence of investors in GymBeam’s business model, its growth potential, and its high-quality management team. The transaction also highlights the expanding health and lifestyle sector in Europe. With new and strong partners on board, GymBeam is well-positioned for further expansion and for enhancing services to millions of customers.
Dalibor Cicman, Founder & CEO of GymBeam
„We are excited to welcome PortfoLion and EBRD and grateful for the trust they have placed in the company and the entire GymBeam team. Their investment will allow us to do great things on an even larger scale. We will be able to bring our products to more countries and customers in Europe. For customers, it means an even broader selection of great products to choose from. Our new partners will bring expertise in growth investing and governance, among other things, which will be invaluable on our journey ahead. They are aligned with our long-term goals, and their capital will allow us to realize the goals even faster. I am also very pleased that the current partner Crowdberry has stayed on board and is confident that the company is going in the right direction.”
