Digital Fitness Tracker Startup Fitbit Raises $43 Million, Softbank Capital's Steve Murray Joins Board


Fitbit, a startup which makes a wide range of digital fitness trackers and health devices, has closed a $43 million funding round and added Softbank Capital’s Steven Murray to its board, according to an SEC filing. The funding comes as the market for health trackers is heating up, with more money being invested in the space.

Earlier this spring, TechCrunch reported that Fitbit was looking to raise $30 million in growth equity at a $300 million valuation, but it looks like the company was able to raise even more than that. It appears that, with Murray joining the board, Softbank Capital was the lead in the round. Previous investors include Foundry Group, True Ventures, SoftTech VC and Felicis Ventures.


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