After Kickstarter: Misfit The Shine Raises $15.2M



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


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