I’ve made clear here before how much I like what Expresso Fitness is doing — interactive cardiovascular exercise, like Wii++ — so why aren’t there more people doing this sort of thing? Nintendo has shown how big this area can be, so you’d think we’d be wall-to-wall with the stuff, but we’re not.
Anyway, I see Expresso has closed a decent-sized Series C, which suggests things continue to move along for them. Congrats Erik and everyone down the road at Enterpise here in La Jolla.
Expresso Fitness, the leading supplier of interactive cardio fitness systems, announced today that it has raised $9.3M in a Series C round of funding. The financing will be used to expand the company’s sales and production capabilities, driving revenue growth.
…Expresso captivated the commercial fitness industry with the launch of its two-part interactive cycling system last year. Exercisers can now ride over 30 interactive courses then use any Web browser to view their fitness results online. The virtual-reality based routes bring the excitement of biking outdoors to indoor fitness facilities; personalization tools help members stay involved and motivated. As a result, riders of Expresso bikes have logged almost 300,000 miles in over 80,000 sessions.
[via American Venture]