About Misfit Wearables
Misfit Wearables is a company based in Burlingame (United States) founded in 2011 by Sonny Vu and John Sculley was acquired by Fossil Group in November 2015.. Misfit Wearables has raised $63 million across 4 funding rounds from investors including Xiaomi, JD.com and Khosla Ventures. Misfit Wearables operates in a competitive market with competitors including Fitbit, Whoop, iHealth Labs, Garmin International and Goqii, among others.
- Headquarter Burlingame, United States
- Founders Sonny Vu, John Sculley
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Sectors
RetailHealthcare Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Misfit Wearables Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$63 M (USD)
in 4 rounds
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Latest Funding Round
$40 M (USD), Series C
Jan 22, 2015
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Investors
Xiaomi
& 13 more
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Employee Count
Employee Count
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Acquired by
Fossil Group
(Nov 12, 2015)
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Funding Insights of Misfit Wearables
Misfit Wearables has successfully raised a total of $63M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $40 million completed in January 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $40.0M
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First Round
First Round
(23 Nov 2011)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2015 | Amount | Series C - Misfit Wearables | Valuation | Xiaomi , GGV Capital | |
| Dec, 2013 | Amount | Series B - Misfit Wearables | Valuation | Horizons Ventures | |
| Apr, 2012 | Amount | Series A - Misfit Wearables | Valuation | Khosla Ventures , Founders Fund |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Misfit Wearables
Misfit Wearables has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Xiaomi, JD.com and Khosla Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startups are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and defense sectors.
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Founded Year | Domain | Location | |
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Potato farming, grain marketing, and equipment services in Maine.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Misfit Wearables
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Misfit Wearables
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Misfit Wearables Comparisons
Competitors of Misfit Wearables
Misfit Wearables operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fitbit, Whoop, iHealth Labs, Garmin International and Goqii, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Smartwatches and fitness trackers are provided for activity monitoring.
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| domain | founded_year | HQ Location |
Provider of a smart wearable device for physical activities monitoring
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| domain | founded_year | HQ Location |
Personal healthcare devices for vital monitoring are designed and produced.
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| domain | founded_year | HQ Location |
Smart fitness trackers and watches are developed for performance monitoring.
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| domain | founded_year | HQ Location |
Provider of a wearable wristband integrated with personalized coaching
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| domain | founded_year | HQ Location |
Internet-connected watches are provided with customizable apps and activity tracking.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Misfit Wearables
Frequently Asked Questions about Misfit Wearables
When was Misfit Wearables founded?
Misfit Wearables was founded in 2011.
Where is Misfit Wearables located?
Misfit Wearables is headquartered in Burlingame, United States. It is registered at Burlingame, California, United States.
Who is the current CEO of Misfit Wearables?
Sonny Vu is the current CEO of Misfit Wearables. They have also founded this company.
Is Misfit Wearables a funded company?
Misfit Wearables is a funded company, having raised a total of $63M across 4 funding rounds to date. The company's 1st funding round was a Series A of $7.6M, raised on Nov 23, 2011.
What does Misfit Wearables do?
Misfit Wearables was founded in 2011 and is headquartered in Burlingame, United States. Operations focus on the consumer wearables sector, where hardware and software for smartwatches, fitness trackers, and accessories are developed. An online platform is offered for product customization, including options for colors and straps. Mobile applications are provided for smart home automation and personal fitness tracking.
Who are the top competitors of Misfit Wearables?
Misfit Wearables's top competitors include Fitbit, Whoop and Matrix Industries.
Who are Misfit Wearables's investors?
Misfit Wearables has 14 investors. Key investors include Xiaomi, JD.com, Khosla Ventures, Fossil Group, and Norwest Venture Partners.
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