October 30, 2026

FitLab Files for Bankruptcy, WHOOP Adds LeBron, Ozlo Raises $22M

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FitLab files for bankruptcy

The multi-brand fitness platform filed for Chapter 11 bankruptcy, reporting between $100M and $500M in liabilities.

  • Founded in 2019, FitLab pursued an ambitious roll-up strategy, acquiring businesses including Ragnar, Assault Fitness, Y7 Studio, and Mile High Run Club.
  • As reports of financial turmoil surfaced,  Nike ended its studio partnership, Assault Fitness shipments stopped, and Y7 and Mile High Run Club closed their studios.

FitLab’s collapse is a cautionary tale for fitness roll-ups: acquiring recognizable brands can create scale, but combining businesses with different operating needs is difficult to execute.

LeBron James deepens WHOOP partnership

The NBA star formalized his eleven-year relationship with WHOOP, becoming a global ambassador and investor.

  • The expanded partnership will include global marketing campaigns, content, and activations focused on performance, recovery, and longevity.
  • The company is also highlighting LebBron’s own data: he ranks in the top 10% of members for sleep efficiency and has maintained a 100% wear rate throughout 2026.

The partnership gives WHOOP a high-profile example of its central pitch: sustained performance is built through daily habits over time.

Ozlo advances sleep tech platform

The sleep tech company raised $22M in Series B funding to expand its sleep technology.

  • Ozlo’s signature Sleepbuds use ergonomic design and Bose audio technology to mask nighttime noise.
  • Now it’s combining biosensing, AI, and neuromodulation to address more complex sleep needs, starting with tinnitus and epilepsy.

The bigger ambition is to turn a nighttime audio device into a more active part of sleep care, with technology designed to address the reasons people struggle to rest — not just the sounds keeping them awake.

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