Fitbit Finds $8M

Wade Roush9/14/10

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.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @