Hammerhead Raises $4.2M in Seed Funding
Summary
Hammerhead , a NYC-based maker of a smart operating system for bikes, raised $4.2M in seed funding. The round was led by Primary Ventures and KB Partners with participation from Courtside Ventures, Maveron, Drummond Road Capital, Robin Thurston (MapMyFitness co-founder) and Andy Ording (Zipp CEO). Led by founder and CEO Piet Morgan, co-founder and SVP Product Laurence Wattrus, and co-founder and SVP Software Raveen Beemsingh, Hammerhead provides Karoo, a cycling computer that augments the experience with GPS navigation and real-time ride data. Users can connect sensors via ANT+ or Bluetooth to track heart rate, cadence, and power output with clear numbers or graphs. The product runs on an Android operating system and has frequent software updates.
Funding
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