Expresso Fitness, which has created a more interactive experience for users looking to shed pounds on a stationary bike, has raised $12 million in the second part of its third round of funding. That comes on top of $9 million already raised for this round a year ago.
Among other things, Expresso Fitness allows you to race your bike on a virtual course while competing against an onscreen “ghost” who represents your best time. Expresso offers two bike models that you can ride on 30 interactive courses. It has a neat metric for measuring its success, too — the Sunnyvale startup says it has helped customers burn almost 350 million calories.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":92346,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,","session":"D"}']The funding was led by new investor Physic Ventures, with participation from existing investors Sierra Ventures and Enterprise Partners Venture Capital.
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