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Fitbit - About the company

Fitbit is an acquired company based in San Francisco (United States), founded in 2007 by James Park and Eric Friedman. It operates as an Internet-first brand offering smartwatches and fitness trackers. Fitbit has raised $65.1M in funding from investors like Felicis Ventures, SoftBank Capital and Foundry, with last known valuation of $*****. The company has 598 active competitors, including 92 funded and 34 that have exited. Its top competitors include companies like Withings, Whoop and Zepp Labs.

Company Details

Internet-first brand offering smartwatches and fitness trackers. The company claims that the devices can be used to track day-long activities like exercise, sleep, and weight. The platform also allows users to take a quiz to get personalized recommendations for products. The application is available on both iOS and Android platforms.
Website
fitbit.com
Social
XFacebook
Email ID
*****@fitbit.com
Key Metrics
Founded Year
2007
Location
San Francisco, United States
Stage
Acquired
Total Funding
$65.1M in 6 rounds
Last Known Valuation
$***** as on Oct 31, 2019
Ranked
Annual Revenue
$1B+ as on Dec 31, 2019
Employee Count
1,248 as on Jun 30, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by Google (Oct 31, 2019)

Fitbit's acquisition details

Fitbit got acquired by Google on Oct 31, 2019 at an acquisition amount of $*****.
Click here to take a look at Fitbit's acquisition in detail
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Fitbit's funding and investors

Fitbit has raised a total funding of $65.1M over 6 rounds. Its first funding round was on Oct 10, 2008. Fitbit has 20 institutional investors.

Here is the list of recent funding rounds of Fitbit:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Oct 29, 2020
1168819
Grant (prize money)
3520844
3137484
8754413
1859923
May 04, 2017
4997987
Post IPO
9853883
1186783
9731633
9948670
Aug 13, 2013
8613939
Series D
7630565
2680472
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Fitbit's founders and board of directors

Founder? Claim Profile
The founders of Fitbit are James Park and Eric Friedman. Bharat Modha is the CEO of Fitbit.
Here are the details of Fitbit's key team members:

Fitbit's Board of Directors

Fitbit's board has 12 active members. Brad Feld, Jon Callaghan, James Park, Eric Friedman, Timothy Roberts, Steve Murray, Jonathan Callaghan, Hansgregory Hartmann, William Zerella, Christopher Paisley, Andy Missan and Edward Scal are independent board members.
Here is the list of Fitbit's board of directors:
Name
Type
Representing
Status
Duration
Independent board member
-
Current
15y 9m
josgpoh
Independent board member
-
Current
3y 5m
askqbna
Independent board member
-
Current
4y 1m
jcfmvxj
Independent board member
-
Current
8y 7m
fcmrlhm
Independent board member
-
Current
1y 8m
{epnfps
Independent board member
-
Current
8y 7m
bjnxyky
Independent board member
-
Current
6y 8m
yjgajya
Independent board member
-
Current
8y 3m
wdxdgdw
Independent board member
-
Current
4y 2m
hpeczln
Independent board member
-
Current
7y 6m
kjyeyhu
Independent board member
-
Current
7y 7m
crh{bmn
Independent board member
-
Current
7y 6m

Fitbit's employee count trend

Fitbit has 1,248 employees as of Jun 26. Here is Fitbit's employee count trend over the years:
Employee count trend for Fitbit
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Fitbit's Competitors and alternates

Top competitors of Fitbit include Withings, Whoop and Zepp Labs. Here is the list of Top 10 competitors of Fitbit, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Withings
Withings
2008, Moulineaux (France), Acquired
Developer of an array of connected products
$93.8M
83/100
2nd
Logo for Whoop
Whoop
2012, Boston (United States), Series G
Provider of wearable trackers to monitor fitness data
$979M
78/100
3rd
Logo for Fitbit
Fitbit
2007, San Francisco (United States), Acquired
Internet-first brand offering smartwatches and fitness trackers
$65.1M
78/100
4th
Logo for Zepp Labs
Zepp Labs
2011, San Jose (United States), Acquired
Developer of wearable devices and digital health management platform solutions
$20M
75/100
5th
Logo for AliveCor
AliveCor
2010, Mountain View (United States), Series F
Developer of remote cardiac monitoring solutions and related analysis software
$114M
74/100
6th
Logo for Mobvoi
Mobvoi
2012, Kowloon (China), Public
Developer of AI-powered voice interaction and generative AI technologies
$255M
69/100
7th
Logo for Shot Scope
Shot Scope
2014, Edinburgh (United Kingdom), Series B
Provider of wearable devices for golf performance tracking
$23.3M
67/100
8th
Logo for Garmin International
Garmin International
1989, Olathe (United States), Public
Provider of smartwatches, wearable technology, marine equipment, and aviation products
-
65/100
9th
Logo for STATSports
STATSports
2008, Newry (United Kingdom), Acquired
Players performance tracking solution
-
64/100
10th
Logo for Spacetalk
Spacetalk
2003, Adelaide (Australia), Public
Provider of application, wearable devices, and mobile plans for families
-
-
63/100
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Fitbit's Investments and acquisitions

Fitbit has made 1 investments in companies including Sano Intelligence. Fitbit has also acquired 6 companies including Twine Health and VECTOR TECHNOLOGIES.
Here is the list of investments & acquisitions:lockFilter this list
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Feb 13, 2018
Acquisition
2013
Cambridge (United States)
Jan 12, 2018
Investments
2011
San Francisco (United States)
Jan 10, 2017
Acquisition
1988
Gdynia (Poland)
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Reports related to Fitbit

Here is the latest report on Fitbit's sector:

News related to Fitbit

lockFilter this list
Media has covered Fitbit for a total of 22 events in the last 1 year, 20 of them have been about company updates and 1 about partnerships.
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FAQs about Fitbit

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