GymBeam secures €30 million investment from PortfoLion and the EBRD
24/11/2025
GymBeam has once again claimed the top spot with the largest e‑commerce investment in Slovakia. As one of the fastest-growing fitness and nutrition brands in Europe, it has completed a €30 million investment round led by PortfoLion Capital Partners with participation by the European Bank for Reconstruction and Development (EBRD). This transaction represents, following the entry of Crowdberry investors in 2019, another significant milestone in GymBeam’s journey toward becoming a European market leader, operating in more than 16 countries and serving over 2 million customers.
In the first investment round in 2019, contributions from 150 private Crowdberry investors enabled GymBeam to achieve more than a tenfold growth in revenues and workforce (currently 640 employees), expand into Western Europe, and subsequently secure a fivefold larger investment of €30 million from institutional investors. The new capital will support the company’s continued expansion, including acquisitions of companies in Western and Central European markets, strengthen distribution infrastructure, implement advanced automation solutions, and facilitate a strategic acquisition in Germany.
The transaction was supported by Rothschild & Co (with CORPIN), AKF Legal, BCG, PwC, Dentons (GymBeam), Ernst & Young, Havel & Partners, Deloitte Legal, and CMS (investors), as well as A&O Shearman (Crowdberry).
Secondary trading via Crowdberry’s Bulletin Board of Offered Shares
Secondary trading represents a crucial step in enhancing investment liquidity. Through the Bulletin Board of Offered Shares, investors can offer their acquired shares or previously provided loans for sale to other investors who, for example, missed a particular investment round or are interested in acquiring shares of a specific company.
Currently, it is possible to trade stakes in companies such as MultiplexDX, Senior House Dúbravská oáza, Isadore, and GymBeam, with several successful transactions already completed in the case of GymBeam.
€30 Million Investment
The investment is the result of a competitive process that attracted multiple equity and debt offers. It underscores the strong confidence of investors in GymBeam’s business model, its growth potential, and its high-quality management team. The transaction also highlights the expanding health and lifestyle sector in Europe. With new and strong partners on board, GymBeam is well-positioned for further expansion and for enhancing services to millions of customers.
„We are excited to welcome PortfoLion and EBRD and grateful for the trust they have placed in the company and the entire GymBeam team. Their investment will allow us to do great things on an even larger scale. We will be able to bring our products to more countries and customers in Europe. For customers, it means an even broader selection of great products to choose from. Our new partners will bring expertise in growth investing and governance, among other things, which will be invaluable on our journey ahead. They are aligned with our long-term goals, and their capital will allow us to realize the goals even faster. I am also very pleased that the current partner Crowdberry has stayed on board and is confident that the company is going in the right direction.”
- Dalibor Cicman, Founder & CEO of GymBeam
PortfoLion Capital Partners is a Central and Eastern Europe-focused venture capital and growth equity investor with €450 million in assets under management. PortfoLion invests across the broader CEE region in high-growth companies from early stage through buyout, supporting entrepreneurs in scaling their businesses internationally.
„GymBeam is already a key player in the rapidly evolving health and wellness sector, and we are excited to partner with them as they accelerate their next phase of growth. From our very first conversations, Dalibor impressed us as a true visionary, and together with his exceptional management team, they left a strong mark on us. Alongside our investment, we look forward to bringing our scale-up expertise to support their ambitions. We see outstanding leadership, a bold strategy, and the potential for GymBeam to become the ultimate nutrition and lifestyle brand across Europe."
- Jenő Nieder, Deputy CEO of PortfoLion
The EBRD is a multilateral bank that promotes the development of the private sector and entrepreneurial initiative across five continents. The Bank is owned by 77 countries, as well as the EU and the EIB. EBRD investments are aimed at making the economies in its regions competitive, inclusive, well-governed, green, resilient, and integrated.
„We are delighted to support GymBeam’s ambitious growth plans as part of this landmark investment. The company’s commitment to innovation and operational excellence reflects the entrepreneurial spirit we seek to foster across our regions. By partnering with GymBeam, we are helping to strengthen the health and wellness sector, drive competitiveness, and promote sustainable business practices in Europe. We look forward to seeing GymBeam reach new heights and deliver even greater value to its customers.”
- Tamas Nagy, Director – Co-head of Private Equity at EBRD
„Participation of such internationally renowned investors as PortfoLion and EBRD confirms our strong belief in GymBeam and Dalibor in their vision to become the first ever unicorn in Slovakia. After supporting the team and accompanying their journey over the past few years, we are delighted to welcome new institutional partners on board. We look forward to cooperating to guide this unique brand on its mission to become the market leader in Europe. Speaking on behalf of more than 150 Slovak and Czech investors who were part of our original GymBeam investment, we are humbled by the power of local capital combined with outstanding entrepreneurs like Dalibor Cicman. Together, they have a substantial impact on the ecosystem in the region.”
- Dano Gašpar, Managing partner, Crowdberry
Crowdberry is a professional investment platform enabling private and institutional investors to directly participate in outstanding small and mid-sized companies or invest in attractive real-estate projects. Operating in both Czech and Slovak markets, the platform is a part of a wider growth capital group encompassing three funds in focused segments as well as an ecosystem of more than 14,000 local investors and entrepreneurs. With a partner and minority shareholder, Slovenská sporiteľňa (a member of the ERSTE Group), Crowdberry manages over €150 million both in equity investments and private credit, focused on growth and innovation.