FitLab Raises $15 Million For Its ‘Hybrid Fitness’ Approach of Gyms and Home Classes

Harri Weber

Harri is dot.LA's senior finance reporter. She previously worked for Gizmodo, Fast Company, VentureBeat and Flipboard. Find her on Twitter and send tips on L.A. startups and venture capital to

FitLab Raises $15 Million For Its ‘Hybrid Fitness’ Approach of Gyms and Home Classes
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Are in-person gyms or at-home workouts the future of the fitness industry?

While much hype surrounds the latter in the wake of the pandemic, FitLab is betting on both. The Newport Beach-based company announced that it has closed a Series A funding round that takes its total capital raised to more than $15 million. Its investors include Two Styx Capital, Cava Capital, Snoop Ventures, Paradigm Sports Management founder Audie Attar and M13 co-founder Courtney Reum.

Founded in 2016 as a venture firm focused on sports and fitness, FitLab has partnered with and acquired a portfolio of fitness brands including UFC fighter Conor McGregor’s McGregor FAST and surfer Laird Hamilton’s XPT.

Without disclosing the exact size of its latest funding round, FitLab said it is using the new capital to roll out its new “connected fitness studios” starting this year. The studios are expected to blend in-person training with at-home offerings; FitLab says it has plans underway for 250 locations in the U.S. and more internationally, with the goal of 500 locations by 2025.

Additionally, the company announced that it has acquired the fitness app Fitplan, sports apparel company Electric and running events organizer Ragnar.

There are more than 30,000 gyms operating in the U.S. today, according to fitness trade group IHRSA. While many health clubs shuttered due to the pandemic, at-home fitness companies boomed as a result; equipment-focused firms such as Peloton and Tonal saw sales skyrocket, while apps like Nike Run Club and Strava saw downloads surge. Yet as life gradually returns to normal, at-home brands like Peloton have found the adjustment difficult.

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Here's What People Are Saying About Day Two of LA Tech Week
Evan Xie

L.A. Tech Week has brought venture capitalists, founders and entrepreneurs from around the world to the California coast. With so many tech nerds in one place, it's easy to laugh, joke and reminisce about the future of tech in SoCal.

Here's what people are saying about day two of L.A. Tech Week on social:

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LA Tech Week: Goldhirsh Foundation and the Positive Effects of Technology

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

LA Tech Week: Goldhirsh Foundation and the Positive Effects of Technology
Photo taken by Decerry Donato

On Monday, Los Angeles-based philanthropic organization Goldhirsh Foundation hosted the Technology and Storytelling For Social Good panel at Creative Visions studio to kick off LA Tech week.

Tara Roth, president of the foundation, moderated the panel and gathered nonprofit and tech leaders including Paul Lanctot, web developer of The Debt Collective; Alexis Cabrera, executive director of 9 Dots; Sabra Williams, co-founder of Creative Acts; and Laura Gonzalez, senior program manager of Los Angeles Cleantech Incubator (LACI).

Each of the panelists are grantees of Goldhirsh Foundation’s LA2050, an initiative launched in 2011 that is continuously trying to drive and track progress toward a shared vision for the future of Los Angeles. Goldhirsh’s vision is to make Los Angeles better for all and in order to achieve their goal, the foundation makes investments into organizations, creates partnerships and utilizes social capital through community events.

The panelists shared how the work they are doing in each of their respective sectors uses technology to solve some of society's most pressing challenges and highlight the importance of tech literacy across every community.

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Here’s What To Do At LA Tech Week

Kristin Snyder

Kristin Snyder is dot.LA's 2022/23 Editorial Fellow. She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.

Here’s What To Do At LA Tech Week
Evan Xie

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LA Hardtech: Local Talent Meets CEOs: Want to see robots in action? This hardtech event will showcase product demos and feature conversations about all things aircrafts, satellites, electric vehicles, robots and medical devices. June 5 from 5 p.m. to 8 p.m. in El Segundo.

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