US-based fitness IT developer Netpulse has raised $18.6m in a series D round led by Nokia Growth Partners, the corporate venturing unit of smartphone maker Nokia.
Docomo Capital, a corporate venturing subsidiary of telecommunications firm NTT Docomo, also took part in the round, as did venture capital firms August Capital, Javelin Venture Partners and DFJ Frontier.
Netpulse provides internet-connected touchscreen cardio equipment, member fitness tracking devices, sensors and apps to physical fitness clubs. The capital will be used to accelerate the company’s growth, introduce new services and develop its product platform.
The company raised $15.6m in series C funding in 2012 from August Capital, DFJ Frontier, Parkview and Javelin Venture Partners, and has raised a total of $39.3m in equity funding since its launch.