June 2, 2015
San Francisco-based Fitbit disclosed in an amended SEC filing that it plans to price its shares between $14 to $16 and raise up to $358 million in its imminent IPO. Fitbit will debut as “FIT” on the New York Stock Exchange.
The company's directors, executive officers, and significant stockholders will hold around 51.9 percent of Fitbit's capital stock. Fitbit will sell 22.4...
May 28, 2015
Pear Sports, the Irvine, California-based activity tracking and audio coaching company, has raised an additional $821,000 according to an SEC filing, the beginning of a hoped-for $3 million round.
Investors weren't disclosed, but the funding could possibly be from the Running Specialty Group (RSG), a subsidiary of shoe retailer Finish Line. RSG disclosed in a statement in April that they had made...
May 28, 2015
Just a few weeks after Fitbit filed for an IPO, one of the company's biggest competitors, Jawbone, has sued Fitbit, according to the New York Times. Jawbone alleges that Fitbit poached employees who downloaded sensitive data about Jawbone before leaving the company.
The full text of the suit can be read here.
"According to the complaint, recruiters for Fitbit contacted nearly a...
May 11, 2015
Plantation, Florida-based CarePredict has raised $1 million for an aging in place technology service that helps caregivers keep tabs on the wellbeing of older family members. The partial round of funding was disclosed recently in an SEC filing.
CarePredict has developed a wristworn device, called Tempo, that tracks a senior's behavior and sends this data wirelessly t0 a rhythm journal. Tempo...
April 15, 2015
Just two days after Jawbone announced that it will finally ship its heart rate tracking wearable, UP3, even though the tracker will not be waterproof as initially advertised, an anonymous source told the Wall Street Journal that American Express is working with Jawbone to add payment features to a future wearable.
According to the report, American Express cardholders who buy this future Jawbone...
April 9, 2015
Fitbit announced today that it has changed the way it calculates and displays active minutes for users.
The company explained that its activity trackers will only count active minutes if a user participates in an activity for over 10 minutes, which is what the American Heart Association recommends. This will not affect the user's step count numbers.
"This 10-minute rule means that...