Mobile health and fitness network PumpUp seeded in $2.4 mln round
PumpUp Inc has secured US$2.4 million in seed-stage financing. The round was led U.S. venture capital firm General Catalyst Partners with the participation of Canadian firm Relay Ventures, as well as Azure Capital Partners, Freycinet Investments and a number of angel investors. PumpUp, creator of a photo-based social network for healthy and active living, said the funds will be used to grow its community, expand its internal team, and develop its app, which currently has more than 1.7 million users. Co-founded in 2012 by CEO Garrett Gottlieb and president Phil Jacobson and venture-backed since 2013, the company has its headquarters in Toronto and an office in San Francisco.
24 July 2014•3 mins read
