Blacksburg app developer secures up to $1.4 million from Virginia investors
- April 15, 2014
Blacksburg-based Fitnet Corp. announced Tuesday it has received up to $1.4 million venture financing from Virginia investors.
The financing comes from two different venture funds: Radford-based Valleys' Ventures LP and Herndon-based CIT Gap Funds
Fitnet Corp. is the developer of Fitnet, a mobile fitness app that debuted in Apple’s App Store three months ago. According to Fitnet Corp., the app has helped clients from 175 countries and all 50 states burn more than 1.25 million calories collectively. Using advanced computer vision technology, the app connects clients with personal trainers, provides real-time individual feedback and workout scoring.
The financing provides capital to expand the capabilities of the Fitnet app and add more workouts.