Any chance of a quiet week following the holiday was eliminated this morning with two separate announcements that local tech startups Gamevice and FitnessGenes had closed rounds of funding.
Gamevice, an e-commerce startup that creates attachable gamepad controllers that transform smartphones into mobile gaming consoles, announced this morning it had closed its Series A, bringing in $12.5 million to drive company growth and advance to new markets.
The Simi Valley-based startup secured the funding from TransLink Capital and California Technology Ventures (CTV), with additional participation coming from BAM Ventures, TYLT Ventures and Kevin Chou.
In a statement, CEO Phillip Hyun cited "phenomenal" market demand for Gamevice products.
"Having been sold out for most of the holiday season, we will look to launch additional products while rapidly increasing our production and global distribution," Hyun said. "Our Series A funding and growing team will expedite this growth along with our partnerships with gaming and non-gaming companies."
FitnessGenes, a Beverly Hills-based startup that uses DNA testing and interpretation to create personalized fitness and nutrition programs, announced today that the company had closed a Series A round of funding to the tune of $5 million.
The round was led by SGHF, a fund that focuses on startups in the life sciences, healthcare and IoT industries around the world.
“We are delighted to have this vote of confidence from the team at SGHF so we can continue to build the world’s most personalized fitness and nutrition platform,” said Dr. Dan Reardon, co-founder and CEO, in a statement. “Our mission is to bring transformation to millions of customers around the world who are overwhelmed and confused by the amount of choice and generic recommendations on the market.”
The company plans to use the funds to grow its platform, as well as expand operations in North America and Europe.
The company also revealed that it is in talks with other investors to secure an additional $5 million in financing.
Images via Social Media.
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