Daily Crunch: ClassPass becomes a unicorn

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. ClassPass, finally a unicorn, raises $285 million in new funding ClassPass launched in 2013 to give people an easier way to…

Daily Crunch: ClassPass becomes a unicorn

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.
1. ClassPass, finally a unicorn, raises $285 million in new funding
ClassPass launched in 2013 to give people an easier way to work out. The company partners with boutique fitness studios, letting users search through that inventory and book a class all from their smartphone.
Since launch, ClassPass has implemented several different business models, trying to find the right unit economics. More recently, the company has introduced variable pricing — instead of users paying a monthly fee for three, five or 10 classes per month, they could use their virtual ClassPass currency to sign up for classes and pay based on the demand around those classes.
2. Sonos sues Google over alleged patent infringement on smart speaker tech
The lawsuit specifically calls out Google for five alleged patent violations, including technologies that allow their speakers to w
Read More From Publisher