everymoveandroidEveryMove, a Seattle-based startup that lets users track their healthy habits and rewards them with gift cards and reduced health-care premiums, announced a Series A-1 funding of $3.5 million and also launched its Android app on the same day.

EveryMove CEO Russell Benaroya said that the financing is an extension of the Series A that the company negotiated with its investors at the timing of the first close last May.

The funding comes from BlueCross BlueShield Venture Partners, Sandbox Industries, and Blue Cross and Blue Shield of Nebraska.

Benaroya said that the company of 12 employees has generated $500,000 in revenue and has seen more than one million activities recorded. There are also more than 5,000 employers represented on EveryMove.

“We are generating approximately 15,000 new sign-ups per month and growing 100 percent month-over-month,” he added.

EveryMove is a TechStars Seattle grad led by Benaroya and Marcelo Calbucci. We had Benaroya tell us all about his company on our podcast back in December. You can read the transcript of the interview or listen to the recording here.

Also, learn more about the status of the company with blog posts from Benaroya and Calbucci.

Previously on GeekWire: A mayor, CEO and bachelor forming teams to raise health awareness with EveryMove

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Comments

  • MoveEvery

    So to clarify, this is not an additional $3.5 million, this is an extension of the $2.6 million they raised in May, so they raised an additional $900,000 total?

    Kinda shoddy and inaccurate reporting if you ask me. The way that the article is titled implies that they raised an additional $3.5 million, not closed $900k as part of a $3.5 million round.

    And is this part of the seed or series A? Because in the last article when they raised the $2.6 million, they said that included $375k from the angel round….

    Seed: $375k

    Series A: $2.225 million

    Series A-1: $900k

    Total: $3.5 million

    Is that correct?

    • Thomas R.

      If I’m reading the article correctly, it is an ADDITIONAL $3.5 million on top of their $2.6 million round.

      • WRONG

        First poster got it right.

    • Guest
  • http://twitter.com/Seattle_Startup Seattle Startup

    This shows the $3.5 million was always planned….looks like they waited til now to finish raising it: http://www.sec.gov/Archives/edgar/data/1539065/000153906512000002/xslFormDX01/primary_doc.xml

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