Mirror Raises $75M in Series C

Mirror has successfully raised $75M in a Series C at a $500M valuation led by Lerer Hippeau, Spark Capital.

Company Overview

Mirror is a HealthTech company headquartered in New York, NY, founded in 2016 with 200+ employees.

Interactive home fitness mirror

Fundraising Details

• Amount Raised: $75M
• Round Type: Series C
• Valuation: $500M
• Date: 2020-01-15
• Investors: Lerer Hippeau, Spark Capital

About Mirror

Interactive home fitness mirror The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: New York, NY
• Founded: 2016
• Team Size: 200+
• Industry: HealthTech

What This Means

This funding round demonstrates strong investor confidence in Mirror'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. Mirror's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $500M valuation marks an important milestone for Mirror, positioning the company among notable players in the HealthTech industry.

Looking Ahead

With this new capital, Mirror 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.

This fundraising news was reported on 2020-01-15. For more information about Mirror, visit their headquarters at New York, NY.