fiton

fiton

Photo by Jonathan Borba on Unsplash

FitOn, a West Hollywood-based fitness app offering at-home workouts, has raised $40 million in new funding through a Series C round and acquired corporate wellness platform Peerfit, it announced Tuesday.

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It seems everyone wants to be a VC these days, so why can't the Chainsmokers join the line-up?

Earlier this year, the electronic DJ and production duo, Alex Pall and Drew Taggart, announced the debut of their $35 million early-stage fund.

Being a DJ and a startup VC would appear to have little in common, but at a lunchtime panel on the first day of the dot.LA Summit, the pair said there are actually a number of parallels.

"We built the Chainsmokers from nothing and so we think of ourselves as founders, too," said Taggart, who added that personal chemistry is key in both music and startups. "The luckiest thing was to meet each other."

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Despite a Black Swan event enveloping the world and the worst economic downturn since the Great Depression, plenty of Los Angeles startups continue to survive and even thrive during the pandemic. Not surprisingly, many of the winners are beneficiaries of the stay-at-home economy, offering consumers entertainment, education, workouts and shopping from the safety of their living rooms.

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