Digifit raises $200,000 in mezzanine financing


Digifit, Inc., led by Dean Hovey, raised $200,000 in mezzanine instruments out of an expected $1.5 million offering from two investors. No placement agent was used. It is the second round of financing occurring according to SEC documents. The previous offering raised $2.6 million in equity out of an expected $3.2 million offering from fourteen investors in November 2012. Digifit, Inc. founded in June 2012 is headquartered in Santa Barbara, CA. It provides fitness and health monitoring solutions using sensors and wearable technology integrated with mobile devices and the cloud. Digifit mobile apps include iCardio, iRunner, iBiker and Spinning which are all designed for the iPhone while  iCardio and spinning are also available for Android.

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