FitBit Raises $43M in Funding

FitBit, a San Francisco, CA-based provider of fitness tracking devices, raised $43m in funding, according to a filing with the S.E.C..

According to TechCrunch, backers included Qualcomm Ventures, SAP Ventures, SoftBank Capital, Foundry Group and True Ventures.

Led by James Park, CEO, Eric Friedman, CTO, Hans Hartmann, COO, and Andy Missan, VP & General Counsel, Fitbit provides wireless wearable sensors (Zip™, One™, and Flex™) that track data about a person’s activities, such as calories burned, sleep quality, steps and distance.
The Fitbit app is designed to work with the company’s products and allow users to displays stats.



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