Friday, July 6, 2012

Strava or MapMyFitness?

I like Strava better!  What do you like?

AUSTIN, TX (BRAIN) Thursday July 5 2012 11:28 AM MT—MapMyFitness has arranged for an additional $3 million in financing, the social fitness app maker announced Thursday. The company also said its membership has surpassed 10 million.

The additional financing is from Square 1 Bank.

The new financing comes on top of $9 million Series B funding from Austin Ventures, Milestone Ventures, Competitor Group, Inc. and The Running Specialty Group, LLC, announced earlier in the year.

The company said it would use the funding to "to advance its leadership position in the global online and mobile fitness application markets and further develop its offerings."

The company said it has doubled revenue each of the past four years and is projected to nearly triple its revenue in 2012.

Bicycle Retailer and Industry News

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