Fitbit Raises Millions 1

Fitbit Raises Millions



The odds are good that if you know anything about wearable tech, then you have heard of the smart band known as Fitbit. We all know that wearable technology does not come cheap, but it costs a heck of a lot to run the companies that make them as well. To that end start up companies work on fundraising in massive amounts.

The folks at Fitbit have managed to snag a fairly large round of funding. The company scored about $43 million, with the largest contributor being Softbank Capital. A member of Softbank Capital will be joining the board of Fitbit as well. This was the companies second round of funding.

Source: Business Insider

Image: Morgue File

Main Type: News

// Fitbit Company Profile

Fitbit was started in 2007 by James Park and Eric Friedman in San Francisco. Their aim is to lead people into living healthier and better lives and they do this through their fitness tracking devices. Fitbit’s debut into wearable technology was with the Fitbit Classic, which was introduced into the market in 2008. – View Profile

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