Fitbit Raises $43 Million for Wearable Fitness Trackers

Big money continues to flow into health-tracking startups.

Fitbit, which produces wearable fitness trackers, revealed in an SEC filing on Tuesday that it has raised a new $43 million round of funding, after having previously raised $23 million

The funding was reportedly led by Softbank Capital with participation from Qualcomm, SAP Ventures and others. Fitbit did not immediately respond to our request for comment

The latest funding round comes just one day after MyFitnessPal, a mobile health service that works with Fitbit, announced raising $18 million. Jawbone, one of Fitbit's main competitors, has raised more than $150 million to date Read more...