Flo Reaches 22M Monthly Active Users and Completes $12M Series A Extention Round
We are excited to announce today that we have completed a Series A Extension round. This brings Flo’s total Series A funding to $12 million, with a $200 million valuation. The funding round is led by Mangrove Capital Partners, an early backer of Skype and Wix, with participation from existing investors Flint Capital and Haxus.
The freshly raised funds will be used to fuel Flo’s next growth phase and product improvement. Flo’s goal is to become the most recognized female product with 100 million monthly active users. The spotlight will be placed on providing a highly personalized experience for every user based on their age, health goals, overall physical condition.