Fitbit acquisition

Fitbit beats expectations by $64.9M as Google merger remains tied up in regulations

By Laura Lovett 03:20 pm November 5, 2020

Fitbit is coming out of its third quarter beating its expected revenue by $64.9 million. This comes ahead of its much-anticipated merger with Google. Fitbit did not hold an earnings call due to the pending merger but did release figures on the quarter. In the release, Fitbit CEO James Park attributed some of the success to the release of the Fitbit Sense, the company’s first smartwatch to...

Fitbit spent at least $17.8M to acquire FitStar

By Aditi Pai 05:30 am March 31, 2015

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...