Funding Roundup: Fitbit raises $2 million

Be healthy with Fitbit, shop with Savings.com. These are among the startups that raised funds


Financial trends and news by Meliza Solan
October 10, 2008 | Comments (3)

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Here's a roundup of some companies in the mobile, video, digital media, social network, and advertising sectors that raised money this past week. 

 Fitbit raised a healthy $2 million round from True Ventures and SoftTech VC, according to CNET. Fitbit is a wireless miniature device that tracks your movement, calorie intake, and sleep to meet your fitness goals. 


BlackArrow Inc. secured $20 million from Cisco Systems, Inc., Comcast Interactive Capital, Intel Capital, Mayfield Fund and Polaris Venture Partners, according to a press release.The San Mateo, California-based advertisement-technology company provides multiplatform ad-management for viewer-controlled video.


 Oberon Media Inc, a casual gaming company, received $20 million from the Infinity I-China Fund, according to CNet.The casual gaming platform's headquarters are based in New York with office locations around the world. Oberon Media is known as "the world's top provider of game solutions".


 Kineto Wireless Inc. raised $15.5 million from Oak Investment Partners, Sutter Hill Ventures, Venrock, Seapoint Ventures and InterDigital according to a press release. The California-based company enables mobile operators to harness the power of the Internet to lower service delivery costs while improving service performance.


Intrepid Equity Finance Ltd.  raised a $12 million financing package for SCI Ltd. according to Marketwire. The round came from VentureLink Funds and RBC. SCI is the leading provider of leads management solutions to the North American automotive industry. Intrepid Equity Finance Ltd. specializes in advising and investing in growth companies.

 


 Trilibis Mobile Inc. raised $5.7 million from Altos Ventures and ATA Ventures, according to a press release. The San Mateo, California-based start up is the leading publisher of interactive network applications for mobile phones.

 

Savings.com secured $4 million from US Venture Partners, according to VentureWire. The Santa Barbara, California-based company that lets shoppers search for coupons and discounts on the Web.


Appssavvy Inc., a direct sales team for social-media applications raised $3.1 million from True Ventures, according to a press release. The New York-based start up provides advertisers with targeted media opportunities reaching an audience of more than 50 million unique online consumers enjoying social media applications. 

 


ReverbNation raised $3 million from ETF Venture Funds, Novak Biddle Venture Partners,  and Southern Capitol Ventures, according to a press release. The promotional technology company is a marketing platform for record labels, performing artists, and venues.



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Description: Did I get enough exercise today? How many calories did I burn? Am I getting good quality sleep? How many steps and miles did I walk tod...
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Description: Pure & Simple We are 100% dedicated to keeping this site Pure & Simple.  What do we mean by this?   Pure: &nb...
Plogo_oberon-media-_oberon
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3 comments

Submit yours
Mo Kakwan
Mo Kakwan, 90 days ago
Geeze oh peets. The economy is tanking and this company is sending out a "Chub Alert" device. Awesome. Because that's exactly what I want to see. I want to read the internets about how all my investments are becoming worthless then I get to look at this little device to tell me I'm Tubby McBlubberBottoms. It's a slick device and technically it seems really strong. But marketing to a population tight on cash is gonna be tough. Let alone manufacturing it in a fashion that allow you to reach sensible profit margins. More so then the device I'm intersted in how they plan to make money especially seeing as how they secured vc money in this horrid market. And seriously Meliza. You look like a Fashion model. How can you comment on the usability of this goofy device? You could eat a billion cheeseburgers and lose the weight by sneezing.

Login to reply Mo


Josh Chandler
Josh Chandler, 90 days ago
Well, Fitbit is something I need but won't admit I need :)

Login to reply Josh


Meliza Solan
Meliza Solan, 90 days ago
Wow, the Fitbit device is half the size of my Nano Ipod! Talk about a fascinating and convenient way to improve your lifestyle. The product lets you know if you are getting enough sleep, how many miles you ran, calorie intake, (when to get off your laptop...just kidding) but it looks very cool and I hope this will inspire people to start living a well balanced lifestyle. Looks like the tracker will be available in December.

Login to reply Meliza


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