Nokia leads $10M round in fitness tracking app Lifesum

Stockholm-based digital health company Lifesum has secured $10 million in a funding round led by venture capital firm Nokia Growth Partners. Draper Esprit, Bauer Media Group and SparkLabs Global Ventures also participated in the round, which will enable the Swedish health app maker to expand its growth in Europe and the US.

Lifesum, which launched in 2013 under the name ShapeUpClub, now has some 15 million users. The app tracks the eating and exercise habits of users and offers tailored feedback. It can be synced with several data-collecting wearables and apps including Fitbit, Jawbone, Google Fit and Runkeeper. Last year, the company launched food-choice app Life Rating for Apple Watch, Android Wear and Samsung Gear. During its first funding round in 2014, Lifesum raised $6.7 million.

NGP investment leader Walter Masalin will join the Lifesum board along with Draper Espirit venture partner Vishal Gulati. Nokia Technologies, another Nokia business unit, also recently acquired France-based digital health company Withings. Among other connected devices, makes wifi-connected scales which also work with Lifesum.

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