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Fitness app FitOn raises $40M, acquires corporate wellness platform Peerfit

TechCrunch

Digital fitness and wellness company FitOn has raised $40 million in Series C funding led by Delta-v Capital, the company announced on Tuesday. FitOn is also expanding its reach in wellness by acquiring Tampa-based corporate wellness platform Peerfit. The terms of the deal were not disclosed.

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Daily Crunch: India’s Central Bank says cryptocurrency ‘may even be worse’ than Ponzi schemes

TechCrunch

Oddly enough, more value creation between rounds than before, which means great markups for venture capitalists, despite their having to pay more, earlier. FitOn, what TechCrunch calls a “digital fitness and wellness company,” has raised a new round and purchased Peerfit’s “corporate wellness platform.” The result?

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PideDirecto bags $5.25M; aims to be ‘Shopify with 30-minute deliveries’

TechCrunch

After going their separate ways for a bit, they met up in Mexico and launched a corporate wellness program in 2018 that connected people with restaurants to order lunch or snacks. Fawzi, Samir and Nacoud knew each other from Iraq and studied together in college in Sweden, which is where they met Steiner.