Kleiner Perkins Caufield & Byers pledge support
MyFitnessPal 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.
John Doerr, partner at KPCB.
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.
Mike Lee, Co-Founder of MyFitnessPal, responded:
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.