GymBeam Valued at โฌ6 Billion in New Funding Round
prague, Czech republic – Investors have valued Czech e-commerce company GymBeam at โฌ6 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 โฌ110 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 Koลกice. “This new capital could help us in the following areasโฆthe 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 โฌ224.3 million (CZK 5.4 billion) in 2023, with an EBITDA of โฌ11.7 million (CZK 282 million). GymBeam projects approximately โฌ220 million (CZK 5.3 billion) in sales for the current year.