Fitbit Obtains $2,000,000 New Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3b416a21-0078-45eb-909a-9cb98be0bed7&Preview=1 -
Date
10/10/2008 -
Company Name
Fitbit -
Mailing Address
870 Market Street San Francisco, CA 94000 -
Company Description
Fitbit is devoted to helping people of any fitness level achieve health and wellness. Fitbit provides a complete wellness solution focused on behavior change via awareness and motivation. -
Website
http://www.fitbit.com -
Transaction Type
Venture Equity -
Transaction Amount
$2,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
Fitbit will use the infusion of capital to move forward with the consumer launch of its Fitbit Tracker health and wellness monitoring device and Fitbit.com Website. Both are set for release in early 2009. This finance round will also accelerate the development of new products and service offerings. -
M&A Terms
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Venture Investor
True Ventures -
Venture Investor
SoftTech VC
