Fitbit Finds $8M
In a September 10 regulatory filing, San Francisco-based fitness tracking startup Fitbit revealed that it has raised $8 million in equity-based financing, in a round that could eventually total $9 million. FitBit has previously won funding from True Ventures and SoftTech VC, and Foundry Group general partner Brad Feld has joined its board. The company makes a portable device that tracks the distance users travel, the number of calories they burn, and the quality of their sleep.
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