Misfit gets $40 million in funding from smartphone maker Xiaomi, others
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Wearables maker Misfit nabbed funding from an unlikely source today. Chinese smartphone manufacturer, Xiaomi, participated in a round of funding for the wearables company that saw Misfit bringing in a total of $40 million dollars in new funding, the Wall Street Journal reported today.
In addition to Xiaomi, the funding round drew participation from a number of top Chinese technology companies and investors. According to the Wall Street Journal:
The new round of funding also stands to benefit Misfit Wearables through partnerships with its investors:
Source: The Wall Street Journal
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