ClassPass will spend its $285M Series E on international expansion, job listings reveal
What do you do with a $285 million Series E round of funding? You expand and grow, of course.
In the case of ClassPass ($CLASSPASS), expansion appears to be squarely focused on international markets, as hiring under a new "International" category has now become the company's most-in-demand according to job listing data tracked here at Thinknum.
Overall, hiring at the gym-and-fitness-class access startup hasn't picked up too much yet: current openings sit at just 56. But then again, the check probably hasn't even cleared yet.
With this new round of funding, ClassPass has become the latest startup unicorn, and founder Paral Kadakia has made it clear that international markets are where ClassPass will find its second billion dollars.
In fact, of those 56 openings, 22 are tagged in the company's "International" category on its careers and recruiting website. That's up from just 6 openings last May.
As of this quarter, jobs categorized as "International" on ClassPass' jobs site are — by far — the company's most in-demand opening, far outpacing Partnerships and Engineering.
In the second quarter of 2019, the company was more focused on attracting Engineering talent. But it was at the end of 2019 when "International" became ClassPass' most common job listing.
As for where ClassPass is hiring international professionals, 9 of the 22 openings are set to report into the company's London office, 3 in Cape Town, South Africa, and 2 in Berlin. Meanwhile, some account managers and "Growth Marketing Assistants" are set to be hired in Singapore, Beijing, and Paris.
International expansion is nothing new to ClassPass. In 2018, it hired Chloe Ross as VP of International to "lead the charge on global strategy and execution". It appears, though, that with this latest infusion, said international growth is likely to take on an accelerated pace.
In other words, ClassPass is likely coming to a gym near you.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.