Oakley-backed 7NXT picks up 7Mind

7NXT owns and operates fitness platform Gymondo.

  • 7Mind offers mindfulness and meditation content to its subscribers
  • Oakley invested in Gymondo in 2020
  • 7Mind will enable 7NXT to expand its product offering

Oakley Capital’s portfolio company 7NXT, which owns and operates fitness platform Gymondo, is acquiring 7Mind.

7Mind promotes digital mental wellbeing and offers mindfulness and meditation content to its subscribers. The business caters to individual users as well as corporates, collaborating closely with health insurers. The company is headquartered in Berlin.

Adding 7Mind will enable 7NXT to expand its product offering to include mindfulness and meditation content, according to a press statement. The combined business will create an expanded platform with the critical mass to participate in further M&A opportunities, the release added.

“Adding 7Mind will transform Gymondo into one of the leading one-stop-shops for fitness and wellbeing, catering to consumers and corporates alike,” said Peter Dubens, founder and managing partner at Oakley. “It also demonstrates Oakley’s ability to nurture digital-first businesses as well as support portfolio companies with strategic acquisitions.”

7NXT owns and operates Gymondo, a D2C online fitness platform in the DACH region.

Oakley is a private equity firm with offices in London, Milan, Munich and Luxembourg.