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 Surdi
October 10, 2008 | Comments (3)
Short URL: http://vator.tv/n/466

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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.



Related companies, investors and entrepreneurs

Plogo_reverb-nation-the-marketing-solutions-for-musicians_reverb
Reverb Nation
Startup/Business
Description: Who We AreReverbNation.com is a Music 2.0 company that is responding to the changing music business paradigm. For ArtistsWe provide i...
Plogo_fitbit-_bit
Fitbit
Startup/Business
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...
Plogo_oberon-media-_oberon
Oberon Media
Startup/Business
Description: Oberon Media is the world's leading multi-platform casual-games company, with expertise in the PC, online, mobile and interactive TV ca...
Plogo_kineto-wireless-_kineto
Kineto Wireless
Startup/Business
Description: Kineto Wireless is the key innovator and leading supplier of FMC solutions for mobile operators. Kineto is a privately held, venture-...
Plogo_blackarrow
BlackArrow
Startup/Business
Description: We've seen the future, and the future is now for on-demand video programming with dynamic, personalized advertising. In the world of view...
Plogo_sci-_sci
SCI
Startup/Business
Description: Automotive Sales Cycle Overview Every customer response, and the timeliness of that response, makes the difference between a dealershi...
2887
appssavvy
Startup/Business
Description: appssavvy is an activity advertising technology company. Through its adtivity™ platform, appssavvy enables leading web, social and ...
Plogo_savings-all-the-best-deals-as-voted-by-you_savings
Savings
Startup/Business
Description: Pure & Simple We are 100% dedicated to keeping this site Pure & Simple.  What do we mean by this?   Pure: &nb...
Plogo_trilibis-the-smartest-path-from-zero-to-mobile_trilibis
Trilibis
Startup/Business
Description: Trilibis Mobile was founded in 2002 by Tom Paddon. Before starting Trilibis, Paddon worked in the wireless communications industry for ...

Comments

Josh Chandler
Josh Chandler, on October 10, 2008

Well, Fitbit is something I need but won't admit I need :)


Mo Kakwan
Mo Kakwan, on October 10, 2008

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.


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