ClassPass Passes <br />$1 Billion Valuation.<br />ClassPass launched in 2013 as a way to help <br />gyms and studios fill empty slots in classes.<br />After raising $285 million in <br />new funding, the fitness startup <br />is now valued at over $1 billion,<br />making it a “unicorn.”.<br />CEO Fritz Lanman told CNN Business that there are <br />no plans to go public anytime soon and that <br />“the goal is to stay independent.”.<br />The model has moved from an unlimited <br />plan to a tiered membership and is <br />currently run on a credit-based system.<br />The company now has more than <br />30,000 boutique studio, gym and <br />wellness partners in 28 countries
