By Brian Kovalesky, StartUp Beat Editor
Today’s early-stage startup funding and acquisitions news:
FitStar, the maker of fitness apps for mobile devices, has announced that it has secured $4 million in Series A funding. Investors include Trinity Ventures, Google Ventures, Floodgate Fund and Advancit Capital. The startup makes apps that are geared for the iPad and designed to respond to changes in peoples’ habits, lifestyles and exercise goals. It was founded by former AOL executive Mike Naser and Dave Grijalva, who serves as the vice president of engineering. San Francisco-based FitStar was founded in 2012 and recently released its first fitness app, which features National Football League star Tony Gonzalez. It previously raised $1 million in debt financing.
Vital Stats:
Website: www.fitstar.com
HQ: San Francisco
Year Founded: 2012
Founders: Mike Naser, CEO; Dave Grijalva, VP Engineering
Investors: Trinity Ventures, Google Ventures, Floodgate Fund, Advancit Capital (Series A)
Innovation: Interactive, customizable mobile device-based fitness programs.
Total Funding: $5 million (Debt and Series A)
(Sources: FitStar, TechCrunch, Crunchbase, Trinity Ventures)
More funding and acquisitions news…
Stratasys Acquiring MakerBot In $403M Deal, Combined Company Will Likely Dominate 3D Printing Industry (via TechCrunch)
AP Takes A Stake In Bambuser, The Real-Time Mobile Video Service That Helps Eyewitnesses Tell Their Stories (via TechCrunch)
Fashion-focused French e-commerce site Rad raises $3.3m to expand into the UK and Germany (via The Next Web)
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