• RunKeeper Raises $10 Million From Spark Capital, Steve Case, And OATV

    Monday, November 21st, 2011

    Erick Schonfeld is a technology journalist and the former Editor in Chief of TechCrunch. At TechCrunch, he oversaw the editorial content of the site, helped to program the Disrupt conferences and CrunchUps, produced TCTV shows, and wrote daily for the blog. He joined TechCrunch as Co-Editor in 2007, and helped take it from a popular blog to a thriving... → Learn More

    Image (31) runkeeper.jpg for post 335291
    Image (31) runkeeper.jpg for post 335291

    The race is on to create a new class of consumer-driven health companies. One of the most popular health and fitness apps on the iPhone, RunKeeper, is started tackling by making it easy for people to measure their exercise, but now it is busy building out an entire “Health Graph” so that all sorts of health data can plug into its service.

    The Boston-based company raised $10 million in a Series B financing, led by Spark Capital.  Steve Case’s Revolution Ventures also participated, along with existing investor OATV. The company has 14 employees and is looking to hire more.

    RunKeeper is gunning to become the Facebook of Fitness by tying together data from all sorts of fitness apps and services. Since it opened up its Health Graph API in June, 40 services are no integrated. Third party data sharing is still relatively small, but it is doubling every month.

    As Rip wrote in June:

    But what is this “Health Graph”, exactly? RunKeeper CEO Jason Jacobs wants you to “imagine a system that can identify correlations between a user’s eating habits, workout schedule, social interactions and more”, that has the sole purpose of delivering an “ecosystem of health and fitness apps, websites, and sensor devices that really work, based on a user’s own historical health and fitness data”.

    If it can assemble all your fitness and health data and deliver it to you in its dashboard, RunKeeper has a shot at spreading well beyond fitness buffs to anyone who wants to take control of their health.


    Financial-organization: Spark Capital
    Website: sparkcapital.com
    Launch Date: June 1, 2007

    Spark Capital is a venture fund based in Boston, Massachusetts. Our investment focus is on the conflux of the media, entertainment and technology industries. Over the last decade, telecom, wireless, and cable operators have spent enormous amounts of capital building up their broadband infrastructure. The next decade will be spent monetizing this infrastructure. Spark Capital hopes to exploit this opportunity by investing in companies that it believes will benefit from the rapid transformation of media and content driven by...

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    As a businessman and philanthropist, Steve Case invests in diverse for-profit and nonprofit enterprises, with a particular interest in health care and the economic and social sustainability of Hawaii, his home state. To that end, he and his wife, Jean Case, created the Case Foundation in 1997. In April 2005, Steve launched Revolution, a company that seeks to drive transformative change by shifting power to consumers. Revolution’s mission is to partner with entrepreneurs in building businesses that give people more...

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