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Misfit Raises $15.2 Million

By TechTaffy Desk

Misfit Wearables has closed a $15.2 million Series B financing led by Hong Kong-based Horizons Ventures. Existing investors, including Founders Fund, Khosla Ventures, Norwest Venture Partners, OATV, Max Levchin, and incTank, took their full pro-rata amounts in the round. Other new investors include Translink Capital, Coca Cola, TenOneTen Ventures, Atom Factory, and Nick D’Aloisio. Jason Wong from Horizons will be joining Misfit’s Board.

Misfit Wearables invents and manufactures wearable computing products. The company was founded in 2011 by Sonny Vu with John Sculley, the former CEO of Apple and Pepsi, and Sridhar Iyengar, co-founder and CTO of AgaMatrix.

[Image courtesy: Misfit]

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