Aug 14, 2013

After Years Of Bootstrapping, MyFitnessPal Raises $18M Round From Kleiner Perkins And Accel
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Written by : Tom George| 0 | Business, Fitness

MyFitnessPal , a service that allows users to track their calories and share that information with friends, has raised $18 million in its first round of funding.

This seems like one of those stories where a company goes years without raising any funding (MyFitnessPal launched in September 2005) before raising money from top-tier venture firms. The round was led by Kleiner Perkins Caufield & Byers with participation from Accel Partners , and Kleiner’s John Doerr and Accel’s Andrew Braccia are joining the board.

MyFitnessPal has previously said that it has more than 40 million registered users . As part of the funding announcement, it also says that its users have lost a total of 100 million pounds to date, and that over the past year, it has been adding 1.5 million users every month.

As for why it’s raising money now, co-founder Mike Lee told me that he and his co-founder/brother Albert […]

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Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.
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Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.

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