August 30, 2013
Fitness app maker Endomondo added a training feature to the premium version of its Endomondo Sports Tracker app. The company also raised the subscription price of its premium app.
Endomondo has long been a force in the fitness app world, claiming 18 million users and a platform accessible on a wide range of devices including Apple, Android, Blackberry and Windows Phone. The company has raised $3....
August 26, 2013
A casual mention tucked into the press release on Nike's latest ad campaign sparked some interest from The Next Web last week, as Nike revealed that its Nike+ ecosystem now has more than 18 million users. While that statistic certainly sounds impressive, it might be helpful to put it in some context.
Many fitness companies -- particularly device makers like Fitbit and Jawbone...
August 12, 2013
Wellness tracking platform MyFitnessPal raised $18 million in the first round of funding led by Kleiner Perkins Caufield & Byers. Accel Partners also participated. Kleiner Perkins' John Doerr and Accel Partners' Andrew Braccia also joined MyFitnessPal's board.
MyFitnessPal will use the funding to grow its team and expand to more countries. Already, the fitness system is available in some...
May 8, 2013
Over the past year connected fitness devices -- activity trackers and sensor-laden wearables -- have consistently made headlines. By far the largest company working in wearable fitness devices, Nike, which offers the wrist-worn FuelBand, recently announced the first class of startups accepted into its Nike+ accelerator. The company aims to build an ecosystem of apps around its Nike Fuel platform...
April 5, 2013
Seattle-based EveryMove, a startup that uses rewards to incentivize health and fitness behaviors, announced an additional $3.5 million in funding and an Android version of its mobile app, which launched for iOS in October.
The funding comes from existing investors BlueCross BlueShield Venture Partners, Sandbox Industries, and Blue Cross and Blue Shield of Nebraska. With their previous $2.6...
June 27, 2012
Endomondo, developers of a GPS-enabled sports tracker app, has had more than 10 million downloads for its fitness application. As of last September the company had about 5 million downloads for its app, which is available on a multitude of mobile platforms, including iPhone, Android, Blackberry, Symbian, Windows Phone, Windows Mobile and Java phones. All in all the app works on more than 250...
February 16, 2012
Denmark-based medical device company Sense A/S just announced a €4.5 million ($5.9 million) round of funding from venture fund SEED Capital and Vaekstfonden to help it refine its cuffless blood pressure measurement device. The company expects to secure FDA 510(K) clearance for the device and have it launch commercially next year. (Last year SEED invested $2.3 million in another Danish startup,...
September 26, 2011
Endomondo, developer of the Sports Tracker fitness app, announced this week $2.3 million in funding from SEED Capital. It is the second round of funding for Endomondo from SEED, which also contributed $800,000 this past March.
The app, which provides GPS tracking of distance-based sports, including biking, running and walking, now has 5 million downloads, according to the company.
Part of the app...
June 24, 2011
Kleiner Perkins Caufield & Byers made an undisclosed seed investment in mobile fitness app developer WorkSmart Labs, according to a report over at AllThingsD. The investment was made through the firm's iFund, which was established in 2008 with $100 million to make investments in iPhone app developers. In 2010 the fund doubled in size to prep for the then-imminent launch of the iPad....
April 14, 2011
In the short three months since 2011 began already investors have announced or disclosed to the SEC nine investments in various mobile and wireless health startups. More than a year ago we tallied up the 15 venture capital deals announced during all of 2009. Clearly investment in mobile health and interest has come a long way since then -- this year also saw the planned launch of Rock Health Fund...