MyFitnessPal Raises $18 Million
MyFitnessPal is a service that lets you track diet and exercise habits. The company has raised $18 million in a first round of funding from Kleiner Perkins and Accel Partners. The company is seeing around 1.5 million users added per month and is integrated in a number of other fitness tools. MyFitnessPal plans to use the funding to accelerate their growth and to enter new markets.
MyFitnessPal started 8 years ago and is profitable. The company generates income by advertising to their 40 million users. MyFitnessPal is currently available in English, German, French, Spanish, and Portuguese.