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Nutrition Capital Network news:Retrofit Weight Loss Raises $8 Million in Series A Financing

Nutrition Capital Network news:Retrofit Weight Loss Raises $8 Million in Series A Financing

Retrofit (Chicago), a “high-tech, high-touch” weight loss start-up that addresses the underlying physical and psychological hurdles of losing weight, has raised $8 million in Series A financing led by Draper Fisher Jurvetson. DFJ has invested $6 million; also participating were Correlation Ventures, Hyde Park Angels, New World Ventures, and I2A Fund. DFJ Managing Director Mohanjit Jolly will join the company’s board of directors. Retrofit’s weight loss program includes wireless monitoring of a client's weight, activity and sleep, in addition to online consultations with a registered dietitian, exercise physiologist, and behavior coach, as well as video conferencing via Skype. The company has 80 full-time and part-time employees nationwide. CEO Jeff Hyman founded Retrofit after he and his wife shared a life changing experience at an exclusive weight loss resort. The financing brings total investment in Retrofit to $10.7 million.

 

Disclaimer: NCN does not warrant the accuracy, reliability, or timeliness of any NCN news item. Before relying on any NCN News item the information should be independently verified.

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