Founder, MyFitnessPal · angel in 1 deal
Every published round Albert Lee took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Swingvision | Seed | 31 Jan 2022 | $2m | Participant | Afterwork Ventures portfolio, Startup Daily, Afterwork Ventures portfolio |
Companies Albert Lee has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Swingvision | 31 Jan 2022, Seed | 1 | 0 |
Fund closes reported for Albert Lee, as distinct from the investments it has made.
Companies Albert Lee has backed that another company then bought. An exit for the holding, not a deal Albert Lee did.
Stories naming Albert Lee. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
A retrospective on MyFitnessPal's decline: its 2005 founding, Under Armour's $475 million acquisition, a 150-million-account data breach, and its 2020 sale to private equity firm Francisco Partners, contrasted with publisher Nutrola's rival app.
Profile of brothers Mike and Albert Lee recounting bootstrapping MyFitnessPal, their 2013 Series A alongside a founder secondary, and the 2015 sale to Under Armour.
Profile of Mike Lee, who bootstrapped the MyFitnessPal calorie-tracking app to 80 million users before Under Armour bought it for $475 million in 2015; it was later sold to Francisco Partners for $345 million.
Dave Lu's podcast episode features a conversation with the entrepreneur behind the nutrition tracking app MyFitnessPal, covering its bootstrapped beginnings, user growth, and eventual sale to Under Armour.
AfterWork Ventures explains why it joined SwingVision's $2 million seed round led by Tennis Australia's Wildcard Ventures, alongside Roddick, Blake and the MyFitnessPal co-founders; the app brings pro-grade tennis analytics to amateurs.
Also Startup Daily