7Mind has been sold to Gymondo, a portfolio company of Oakley Capital
7Mind, headquartered in Berlin, is a foremost player in Germany’s digital healthcare sector, that focuses on mental health and provides access to more than 1,000 certified and scientifically proven courses through its meditation and mindfulness app, with approximately 150,000 subscribers. The company serves both individual users (business to consumer) and corporates (business to business) and collaborates closely with health insurers. 7Mind has demonstrated impressive revenue growth and strong margins from 2020 to 2022.
The sale of 7Mind to Gymondo is set to forge a pioneering digital platform for comprehensive mental health, wellbeing and physical fitness, catering to a combined base of more than 650,000 paying subscribers. Lincoln International managed the process end-to-end, ensuring a synergetic union that promises to bolster the mental health and wellbeing market in the DACH region and beyond.
Dirk-Oliver Löffler, Lincoln International Managing Director who led the transaction, commented, ”This transaction marks an important milestone in the growing relevance of mental wellbeing, health prevention and occupational health management solutions addressing global trends such as ageing workforce, rising healthcare treatment costs and labor shortages.”
Gymondo is the leading direct-to-consumer online fitness platform in the DACH region, commanding a base of more than 520,000 paying subscribers. Renowned for its high-quality workout videos, customized fitness programs and personalized nutrition plans, Gymondo has experienced a surge in growth since Oakley Capital’s investment in 2020. The acquisition of 7Mind will expand Gymondo’s repertoire, offering an integrated solution for mental and physical wellbeing.
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