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Shred Scores $4M For Digital Workouts

Los Angeles-based Shred, a new startup offering up online, digital workouts, has raised $4M in a funding round, the company said on Thursday. Names of the investors in the company were not announced, although Shred said it came from "Silicon Valley investors and celebrities", and include angel investor Eduardo Vivas. Shred says it has created an online service focused on social workouts, which lets consumers work out with their friends. The company said the funding will go to grow and expand its digital fitness platform and bring new products and features to its users. More information »