Wearable fitness device developer Moov has added BOE Technology Group to an investor base already containing the Alibaba and Foxconn-backed Taofu Chegnzhen.
Moov, a US-based developer of wearable fitness aids, has received $12m in a series B round featuring internet-of-things product maker BOE Technology Group.
Venture capital firm Mangrove Capital led the round, which comes after a $3m round in late 2014 led by Banyan Capital Partners. Taofu Chegnzhen, an incubator formed by e-commerce firm Alibaba and manufacturer Foxconn, has invested an undisclosed amount in Moov.
Founded in early 2014, Moov develops and produces artificial intelligence-equipped wearable devices that use gameplay to…
