Denver, Colorado based MapMyFitness, Inc has just announced raising $5 Million in a Series A round of financing lead by Austin Ventures. The health-related social network and training application company operates a network of sites including MapMyFitness.com, MapMyRide.com, MapMyRun.com, MapMyTri.com, MapMyWalk.com, MapMyHike.com, and MapMyMountain.com.
The MapMyFitness community gives their over two million members the ability to record and store their various running, cycling, walking and hiking routes as well as access to a database of international routes, fitness calculators, and events listings. MapMyFitness also offers mobile apps that use GPS on iPhone and BlackBerry in order to help users geolocationally track their fitness regimes.
The latest investment will enable MapMyFitness to expand its site network into further verticals as well as bolster its already existent offerings. The MapMyRide property already has a Tour de France tie-in and its easy to see where similar distribution deals might be possible for each fitness category.
Additionally, the company will be relocating their headquarters to Austin, in order to be closer to their Austin-based lead investors.
Headquartered in Austin, Texas, MapMyFITNESS, Inc. was founded in 2007 and operates a suite of fitness-oriented websites and associated mobile applications including MapMyRUN.com, MapMyRIDE.com, MapMyWALK.com, MapMyHIKE.com, MapMyFITNESS.com, MapMyMOUNTAIN.com and MapMyTRI.com. MapMyFITNESS provides more than three million runners, cyclists, walkers, and other fitness enthusiasts with access to an innovative geo-mapping application that permits them to track and store their daily running, cycling, walking or hiking routes in an online database, a searchable database of routes across the globe,...
The Australian Distributed Incubator aims to help talented entrepreneurs build leading technology companies. Australian Distributed Incubator (ADI), a physical and virtual incubator that invests in early stage companies and is supported by the Australian Federal Governments ICT Incubators Program and the Victorian Governments VicStart Program
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