MapMyFitness raised $5.0 million in Series A and $9.0 million in Series B financing led by Austin Ventures.
Austin Ventures (“AV”) has worked with talented entrepreneurs to build valuable companies for over 30 years. With $3.9 billion under management, AV is the most active venture capital and growth equity firm in Texas and one of the most established in the nation. With an investment focus on business services and supply chain, financial services, new media, Internet, and information services, AV invests at all stages of company development, from $100,000 in “planned experiments” in early-stage ideas to $100+ million investments in expansion rounds and recapitalizations. AV’s strategy is to partner with talented executives and entrepreneurs through its CEO-in-Residence and Entrepreneur-in-Residence programs. Visit austinventures.com for more information.
Milestone Venture Partners is an early stage venture capital firm located in NYC which invests in software and information services businesses. Milestone seeks investments with growing markets, early customer momentum, recurring revenue, and multiple paths to liquidity. Investment areas and themes of particular interest include mobile technology, the consumerization of enterprise IT and cloud computing. In addition, Milestone has established itself as one of the leading venture firms focused on the digital health market, investing 50% of its capital in the sector. Milestone was the first institutional lead investor in Medidata Solutions, Inc. (NASDAQ:MDSO), which had a successful IPO in 2009. Milestone’s other successful digital health exits include Octagon Research Solutions (sold to Accenture in 2012), MedPage Today (sold to Everyday Health in 2010), Premise Development (sold to Allscripts/Eclipsys in 2008) and CareGain (sold to Fiserv Health in 2006).