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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