Stubbs Alderton & Markiles, LLP (SA&M) represented client FitOn, a fitness app that provides users with convenient 15-20 minute workout routines, in its $18 million Series B funding round led by Delta-v Capital, with participation from Accel, Telstra Ventures, Crosscut Ventures, Maverick Ventures and Second Avenue Partners.
To date, FitOn has raised a total of $30 million in funding. The company recently passed 10 million members and is projecting that it will reach 25 million by the end of 2022. The new funding will be used to expand the FitOn team, keep up with accelerated growth, and continue the fast-paced release of new products. “For a business still two years in the making, we are satisfied with revenue and have lots of opportunities to build a large-scale business,” said FitOn CEO, Lindsay Cook.
SA&M attorneys advising FitOn on this transaction included Louis Wharton, Simon Leefatt, and Christina Meng. To read more about the Series B funding round, visit the TechCrunch website.