Nokia helps Lifesum add $10m of funding

Jul 20, 2016 • Robert Lavine

Nokia Growth Partners joined existing backer Bauer Media to contribute to a series B round which will help the health tracking app developer expand in the US.

Nokia Growth Partners (NGP), the early-stage investment arm of communications equipment maker Nokia, has led a $10m series B round for Sweden-based health and fitness tracker developer Lifesum, TechCrunch reported on Monday.

Media company Bauer Media Group also participated in the round, as did venture capital firm Draper Esprit and SparkLabs Global Ventures, the seed-stage fund formed by Korea-headquartered accelerator SparkLabs.

Lifesum has built a mobile app that can track what a user eats and how they exercise, while providing…

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