VC, deals, venture

Enterprise Partners Re-Ups Funding for Fitness Equipment Venture

Bruce V. Bigelow 12/9/08

San Diego-based Enterprise Partners Venture Capital was among three venture firms that participated in $14 million raised in a secondary round by Expresso Fitness of Sunnyvale, CA. Expresso makes cardio fitness equipment, such as stationary bikes with interactive display screens with online access that allow you to compare your times and training with those of others.  The deal was announced by Silicon Valley Bank, which provided $7 million in debt financing. The other $7 million was provided as venture capital by Enterprise Partners, Sierra Ventures, and Physic Ventures.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call 858-202-0492