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Wearable Tech Insider

The Inside Word on Wearables and Wearable Technology

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Misfit Lands $40M Series C, Eyes China Expansion

December 3, 2014 By Dan Rosenbaum

Misfit, maker of the Shine wearable, has closed a $40 million round of funding, including the first US investment from Chinese cellphone maker Xiaomi, TechCrunch reports. Sonny Vu, Misfit's chairman, told TechCrunch that his company didn't need the money; it still has $15 million from its last raise and is breaking even on hardware sales. More important was the partnerships … [Read more...]

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