One of the first companies in the connected fitness wearables market, San Francisco-based Fitbit, has registered for an initial public offering. While the company included a placeholder figure of $100 million for what it hopes to raise, the SEC filing is chock full of financial data for the company, which is turning an impressive profit, as well as other performance data like active users and...
San Francisco-based Fitbit acquired fitness coaching app developer, FitStar, for at least $17.8 million, according to an SEC filing.
FitStar had previously raised $5 million from Advancit Capital, Google Ventures, Trinity Ventures, Floodgate, and Mesa Ventures, according to CrunchBase.
In the filing, Fitbit selected "yes", when asked "Is this offering being made in connection with a business...
