BY Kim-Mai Cutler , Misfit Wearables, the hardware startup that built a sleek activity tracker called the Shine, just picked up $15.2 million from Li Ka-shing’sHorizons Ventures in a big, new growth round. Jason Wong, a director at the Hong Kong-based firm, will be joining the board.
Misfit added that all of its existing investors, including Founders Fund, Khosla Ventures, Norwest Venture Partners, O’Reilly AlphaTech Ventures, Paypal co-founder Max Levchin and incTANK all participated and took their full pro-rata in the round. Misfit was co-founded by former Apple CEO John Sculley along with Sonny Vu and Sridhar Iyengar, who were behind the medical devices company that had the first Apple blessed add-on for the iPhone, which was a glucose meter. read more on http://techcrunch.com/2013/12/04/misfit-shine-horizons/