Tuesday, June 05, 2012

Fitness App Madness - $9MM raise by MapMyFitness

MapMyFITNESS Secures $9 Million in Series B Funding Led by Austin Ventures and Milestone Venture Partners. Leader in online and mobile fitness applications poised to accelerate growth through latest round of funding and new strategic business partnerships with Competitor Group, Inc. and run.com, the e-commerce platform for The Running Specialty Group, LLC. MapMyFITNESS, a health and fitness technology company powering the Internet's largest and fastest growing community of fitness enthusiasts, today announced $9 million in Series B funding led by Austin Ventures and Milestone Venture Partners. Strategic business partners Competitor Group, Inc. and The Running Specialty Group, LLC also announced their participation in the funding as part of larger business partnerships. MapMyFITNESS is all about the commitment to fitness and helping others achieve their health and fitness goals. We are made up of ex-professional athletes, fitness enthusiasts and casual gym goers who all share a passion for a healthy and active lifestyle. Our ability to connect and motivate fitness enthusiasts is just the beginning. We are focused on innovation and bringing our members pioneering web and mobile fitness applications that will help them achieve their health and fitness goals. Richard Jalichandra, Chief Executive Officer Taking our founders’ vision to the level after the next level, enabling millions of people to live healthier and having fun doing it.

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