Expresso Fitness Gets $12M

Sunnyvale-based Expresso Fitness, a developer of web-enabled, cardio fitness systems for athletic and health clubs, said today that it has raised $12M in a Series C-2 round of funding. The investment was led by Physic Ventures, and also included existing investors Sierra Ventures and Enterprise Partners Venture Capital. Expresso Fitness said it would use the funding to expand its products and market reach. Andy Donner of Physic Ventures joins the firm's board as part of the funding. The round brings the company's total raised to $29.8M. More information »