The odds are good that if you know anything about wearable tech, then you have heard of the smart band known as Fitbit. We all know that wearable technology does not come cheap, but it costs a heck of a lot to run the companies that make them as well. To that end start up companies work on fundraising in massive amounts.
The folks at Fitbit have managed to snag a fairly large round of funding. The company scored about $43 million, with the largest contributor being Softbank Capital. A member of Softbank Capital will be joining the board of Fitbit as well. This was the companies second round of funding.
Source: Business Insider
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