Tech Company Financing Transactions
ShapeUp Funding Round
ShapeUp closed a $7.5 million funding round on 11/5/2013. Backers included Cue Ball Group, Excel Venture Management and Silicon Valley Bank.
Transaction Overview
Company Name
Announced On
11/5/2013
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$7,500,000
Round
Undisclosed
Investors
Proceeds Purpose
The round is comprised of $5 million of equity $2.5 million of debt. The company intends to use the funds for strategic investments in mobile technology and global capabilities to drive member engagement and expand platform accessibility.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
492 Old Connecticut Path 601
Framingham, MA 01701
USA
Framingham, MA 01701
USA
Phone
Website
Email Address
Overview
ShapeUp is the first wellness company focused on leveraging the power of trusted social networks to promote healthy living.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Rajiv Kumar
Chief Financial Officer
Derek Ransom
Chief Marketing Officer
Wendy Werve
Chief Medical Officer
Rajiv Kumar
Chief Operating Officer
David Osborne
VP - Bus. Development
Jamie McLeod
VP - Product Management
Ron Hildebrandt
VP - Sales
Joseph Sullivan
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Where The Data Comes From
We do our best to document all VC transactions involving tech companies. VC transactions reported here are sourced from publicly available VC deal announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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