Fasetto Raises $5M, Will Start Selling 1TB Wearable In 2016

with “a couple dozen businesses,” Christmas says, including the Superior office of real estate company Re/Max.

An exit may be in Fasetto’s future, says Christmas. Its investors “probably want to go in the direction of an IPO,” he says. But, he added, once Link hits the market, larger companies may come to see Fasetto as an acquisition target.

For now, the company is preparing to show off Link at the International Consumer Electronics Show in January.

Christmas says Fasetto’s biggest challenge at the moment is adding staff. The company will need to hire more software developers if it is to “grow as fast as we want to grow,” he says.

One hurdle when it comes to bringing in talent is Fasetto’s location. Superior has a population below 30,000, and the city’s winters are harsh, even by Midwestern standards.

But Christmas, who moved to Superior in 2008, says he’s committed to keeping the company where it is.

“We love it up here,” he says. “It’s a good community, our investors have been solid, and the city and state have been very helpful. It’s a great place to be.”

Author: Jeff Buchanan

Jeff formerly led Xconomy’s Seattle coverage since. Before that, he spent three years as editor of Xconomy Wisconsin, primarily covering software and biotech companies based in the Badger State. A graduate of Vanderbilt, he worked in health IT prior to being bit by the journalism bug.