Fitbit Raises $43M in Series D
Fitbit has successfully raised $43M in a Series D at a $300M valuation led by True Ventures, Foundry Group.
Company Overview
Fitbit is a HealthTech company headquartered in San Francisco, CA, founded in 2007 with 1500+ employees.
Wearable fitness trackers and smartwatches
Fundraising Details
- Amount Raised: $43M
- Round Type: Series D
- Valuation: $300M
- Date: 2013-05-08
- Investors: True Ventures, Foundry Group
About Fitbit
Wearable fitness trackers and smartwatches The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: San Francisco, CA
- Founded: 2007
- Team Size: 1500+
- Industry: HealthTech
What This Means
This funding round demonstrates strong investor confidence in Fitbit's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The HealthTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Fitbit's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $300M valuation marks an important milestone for Fitbit, positioning the company among notable players in the HealthTech industry.
Looking Ahead
With this new capital, Fitbit is well-positioned to execute on its growth strategy and continue building innovative solutions in the HealthTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2013-05-08. For more information about Fitbit, visit their headquarters at San Francisco, CA.
