GymBeam Valued at €6 Billion in New Funding Round
prague, Czech republic – Investors have valued Czech e-commerce company GymBeam at €6 billion (approximately CZK 145.8 billion) following a new funding round, positioning teh sports nutrition and apparel retailer for significant expansion across Europe.The capital injection,totaling up to €110 million including debt,will fuel investments in production,automation,and market growth,according to gymbeam founder Dalibor Cicman.
GymBeam’s success story reflects a growing trend of Central European e-commerce companies attracting ample international investment. The funding round, involving Crowdberry, PortfoLion, and the European Bank for Reconstruction and Progress (EBRD), underscores confidence in GymBeam’s business model and potential to become Slovakia’s first “unicorn” – a privately held company valued at over $1 billion. This influx of capital is poised to reshape the competitive landscape of the European sports nutrition market and accelerate GymBeam’s trajectory toward becoming a dominant regional player.
Cicman outlined plans to utilize the funds for strategic acquisitions and infrastructure improvements, including the purchase of production lines in Slovakia, a manufacturing company in Germany, and automated warehouse robots for facilities in Milan and Košice. “This new capital could help us in the following areas…the acceleration of growth in the markets of Western europe,” Cicman stated on LinkedIn.
Following the investment round, Cicman retains a 72% ownership stake in GymBeam. Crowdberry holds 16%, Hungarian investment firm PortfoLion owns 8%, and the EBRD has a 4% share.
GymBeam currently operates in sixteen European markets, serving over two million customers. The company reported sales of €224.3 million (CZK 5.4 billion) in 2023, with an EBITDA of €11.7 million (CZK 282 million). GymBeam projects approximately €220 million (CZK 5.3 billion) in sales for the current year.
