MapMyFITNESS Gains $9M

Austin-based MapMyFITNESS said this morning that it has raised $9M in a Series B funding round. The round was led by Austin Ventures and Milestone Venture Partners, along with strategic investors Competitor Group, Inc. and The Running Specialty Group, LLC. The firm, which is run by Richard Jalichandra, develops a series of mobile and online services that help people track their running, cycling, walking, hiking, and other fitness activity. The firm says its now offers up tracking across more than 40 different sports. MapMyFITNESS said the investment would help it further develop its offerings. More information »