Exercise software maker MapMyFitness raises $5M

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MapMyFitness was one of 87 local companies named to Inc. Magazine's 2012 list of the 5,000 fastest-growing private companies in the United States.

Christopher Calnan

Staff Writer- Austin Business Journal

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Exercise software maker MapMyFitness Inc. has completed a $5 million financing.

The Austin-based company collected the capital from a lone investor, according to a Tuesday filing with the U.S. Securities and Exchange Commission.

MapMyFitness Inc., which was founded in 2007, develops location-based applications for users to track and share exercise plans. It employed 77 workers in 2012.

The company moved from Denver to Austin in 2010 after receiving a $5 million investment from Austin Ventures LP. Last year, it disclosed plans to seek $3 million in financing from North Carolina-based Square 1 Bank.

MapMyFitness closed a $9 million Series B round of funding in June 2012. Investors included the San Diego-based Competitor Group Inc., Indianapolis-based Running Specialty Group LLC, New York-based Milestone Venture Partners and Austin Ventures.

See which six local companies collected funding in the June 17 edition of the Austin startup funding wrap-up.

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