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Santa Monica-based health and fitness company Beachbody has just raised $8.5M Beachbody offers up online, streaming fitness programs that users can browse and select and which are also tied to branded fitness accessories tied into those various fitness programs. in an equity funding, according to a regulatory filing from the company.
The seed funding came from former Facebook exec Owen Van Natta, Ooma founder Andrew Frame, BitAngels, Stephens Investment Management, Mikael Pawlo (Mr Green LTD), Jonathan Congdon (Beachbody), Ruvento Ventures, Ronnie Wee (IncuVest Pte. angel seed purchase capital venture bitcoin gocoin' READ MORE>>.
The company closed on an $18 million Series B round of funding, led by Delta-v Capital, with participation from existing investors Accel, Telstra Ventures, Crosscut Ventures, Maverick Ventures and Second Avenue Partners. In addition, FitOn members passed over 1 billion workout minutes, and most work out three or four times a week.
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