Lemonade Lab announced a US$ 5.8 million funding round led by FIH Mobile Ltd. Earlier in 2014, Lemonade Lab secured US$ 4.5 million in funding.
FIH mobile ltd is a member of Foxconn Technology Group which provides a wide range of manufacturing services to its customers in connection with the production of mobile devices.
Lemonade Lab founded in the year 2012 by Kunihiko Kaji and Taizo Son. The company is a developer of innovative sports devices that use smart sensors and advanced analytics.
It’s cloud based service provides data-driven coaching feedback based on the latest sports science to help athletes elevate their performance and reduce the likelihood of getting injured.
Right now the application is available in iOS and Android OS.
Lemonade Lab is headquartered in Boston Massachusetts with a satellite office in Japan.
“FIH’s financial investment and superior manufacturing empowers Lemonade Lab’s mission to help competitors reach their athletic potential and fulfill healthier and happier lifestyles,” said Kunihiko Kaji, co-founder and CEO of Lemonade Lab. “With FIH as a strategic partner, we can rely on its world-leading manufacturing platform to bring to market a truly innovative product utilizing cutting-edge technologies.”
We are excited to work with Mr. Kaji and the Lemonade team, and we continue to strive to help consumers and OEM partners to enhance their experiences and product offerings pertaining to innovative services,” said Calvin Chih, CEO of FIH Mobile Ltd.