Misfit Wearables raises $15.2 million in funding
Misfit Wearables is a hardware company that is known for creating an activity tracker called Shine. Misfit has raised $15.2 million in funding from Horizons Ventures in a new round of funding. Jason Wong of Horizons will be joining the board of directors at the company. Existing investors that participated in this round include Founders Fund, Khosla Ventures, Norwest Venture Partners, O’Reilly AlphaTech Ventures, Max Levchin, and incTANK. Misfit was founded by former Apple CEO John Sculley, Sonny Vu, and Sridhar Iyengar. The Shine is used for awarding points to users for walking, running, and swimming.