Full Speed Ahead!
2013 was an incredibly exciting year for Zepp filled with dozens of app updates, tons of new features, and an entirely new multi-sport product line. The Zepp Motion Engine is now being used daily by thousands of athletes across all skill levels in baseball, golf and tennis. We made fantastic progress in our mission of fundamentally changing the way people practice, play and experience sports.
To that end, I’m thrilled to announce today that Zepp Labs recently secured $15 million in Series B funding, bringing our total capital raised in 2013 to $20 million. GGV Capital led the round with participation from Legend Capital, Bertelsmann and Cherubic Ventures. This financing will help us continue to pursue our vision of building the world’s leading sports technology company, expand our product offerings, and hire amazing people in all areas of the company.
As we look ahead, Zepp Labs stands out in its commitment to deliver truly meaningful and actionable data that meets the needs of athletes and coaches everywhere. With a new financing partner such as GGV Capital and their understanding of the global markets, Zepp is uniquely positioned to meet the worldwide demand for wearable and connected sports technology.
Special thanks go out to our dedicated and hardworking team of developers, designers, engineers and other Zepp staff around the globe. I would also like to offer my sincere thanks to the thousands of athletes and coaches who have purchased a Zepp product and provided us with invaluable insight on how it has helped them improve their performance and how we can continue to improve the product.
Step by step, we are changing the way people play and improve their game. I’m beyond excited to do so much more.
CEO | Zepp Labs, Inc.