Kyle
Austin fitness startup MapMyFitness has received a $9 million dollar round of funding.
SiliconHillsNews is reporting that Austin Ventures and Milestone Venture Partners led the series B round for the fitness app development startup. Competitor Group Inc, and The Running Specialty Group LLC also participated in the round through other business partnerships.
The Austin based startup makes a variety of fitness apps that allow their users to track their progress on their smartphone or other mobile device. They’ve already built up a strong community of over nine million registered users. They are currently adding 25,000 new users per day.
“Austin Ventures’ continuing enthusiasm is a great validation of our success to date. We’re also thrilled to leverage Milestone Venture Partners’ unique expertise on healthcare technology services, and to deepen our business partnerships with Competitor Group and run.com, the e-commerce platform for The Running Specialty Group,” said Richard Jalichandra, chief executive officer of MapMyFITNESS. “This Series B funding allows us to continue innovating and improving our tools for people of all levels to improve their fitness, nutrition and overall health.”
One of MapMyFitness’ strong points is how their apps are resonating within the fitness community. Fitness event producers have used MapMyFitness to track participants progress in races, decathlons and more.
“MapMyFITNESS’ amazing growth of one of the largest audiences of runners, walkers, cyclists and active people has tremendous synergy with what we’re doing at Competitor with events like the Rock N Roll race series,” said Scott Dickey, president and chief executive officer at Competitor Group, Inc.
“The MapMyFITNESS team has created one of the most engaging utilities for fitness enthusiasts, one that complements what we’re trying to do with our new website, run.com,” said Ken Gart, President of The Running Specialty Group.
MapMyFitness is available across multiple platforms. Of course iOS and Android are their leading platforms but it’s also available as a native app for Blackberry, Windows Mobile and iPads.
Linkage:
Find out more about MapMyFitness here
Source: SiliconHillNews
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