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Expresso Fitness Raises $4.5 Million in Second Round

Authored by Mark Hefflinger on July 8, 2005 - 2:33am.
Sunnyvale, Calif. -- Expresso Fitness, a developer of interactive software for virtual reality cardio fitness systems, said on Friday that it has raised $4.5 million in its second round of venture capital funding, led by Enterprise Partners Venture Capital. Expresso Fitness provides networked and interactive software and cardio equipment for the fitness industry, allowing users of fitness equipment to compete against or play with others. The company's initial product, the Spark fitness bike, debuted in March, and is now being installed in clubs on both coasts. Expresso also said that it is in discussions to license its software to major equipment manufacturers. "The additional capital… will allow us to step up production and delivery of our initial product line and accelerate deployment of our interactive multiplayer gaming technology into other types of cardio fitness products," said Brian Button, the co-founder and CEO of Expresso Fitness.
http://biz.yahoo.com/prnews/050707/sfth035.html
http://www.expressofitness.com

tags: VC | Second Round | Expresso Fitness |



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