Kleiner Perkins Caufield & Byers and Accel Partners Pledge Support; Doerr, Braccia Join the Board
SAN FRANCISCO, CA — MyFitnessPal, the leading free personal health and fitness system, today announced it has closed an $18 million Series A round of funding led by Kleiner Perkins Caufield & Byers with participation by Accel Partners. Both John Doerr and Andrew Braccia have also joined the company’s board.
“MyFitnessPal users have lost more than 100 million pounds to date, demonstrating the massive potential of digital health technology to improve the lives of millions,” said John Doerr, partner at KPCB. “We’re excited to help MyFitnessPal reach millions more users in global markets and accelerate innovations in personal health.”
The company has been profitable since its inception and has not accepted outside funding until now. The capital and resources raised will allow co-founders, Mike and Albert Lee, to accelerate both hiring and global growth. With localized services already available in many European and South American countries, MyFitnessPal plans to further evolve its team, analytics, product and international presence.
“The bootstrapped environment has given MyFitnessPal a foundation to focus on the primary driver of our business, creating a fantastic user experience to help our 40 million members reach their health and fitness goals,” said Mike Lee, Co-Founder of MyFitnessPal. “With this funding, we are now perfectly positioned to expand our product, team and audience reach and empower consumers throughout the world to reach their health goals, build healthy habits and live healthy lives.”
During the past year, MyFitnessPal has seen an increase of more than 1.5M new users per month, and since its launch in September 2005, has amassed more than 40 million users worldwide. The rapid adoption of the MyFitnessPal technology has provided millions of members with the tools and information necessary to take the first step towards improving their overall health and wellness through diet and exercise.
“MyFitnessPal has successfully built a category defining consumer technology company in the span of only a few short years,” said Andrew Braccia, partner at Accel Partners. “We are thrilled to partner with MyFitnessPal as they continue to execute their mission to improve the health and wellness of millions across the world.”