Sleep monitoring specialist Beddit managed to close $8 million in funding from Nordic early-stage venture capital firm Inventure. The company’s funding now totals $8 million, with the latest round enabling the company to strengthen the presence and distribution in the US and Europe for the holiday shopping season.
Beddit Sleep Monitor is an ultra-thin film sensor placed under the bed sheet that can measure the user’s resting heart rate, respiratory rate and movement during sleep.“While helping out stressed and restless people to sleep and feel better, we’re looking at improving the understanding of the key factors affecting a good night’s sleep,” said Lasse Leppakorpi, CEO, Beddit. “The funding enables us to reach wider audiences through a stronger distribution network, with a target of nationwide US availability by Christmas. In addition, we’ll continue improving our service to offer the best consumer experience available.”
Beddit debuted its consumer-grade sleep monitor with a record-breaking Indiegogo campaign, and has also partnered with Misfit Wearables to launch the Misfit Beddit Sleep System. The company has signed agreements with a US nationwide reseller and strong partners in key European markets.
Beddit Sleep Monitor is an ultra-thin film sensor placed under the bed sheet. The built-in sensor measures the user’s resting heart rate, respiratory rate and movement during sleep, without attaching sensors or touching the body. The device then sends the sleep data over Bluetooth to a companion app on a smartphone where it [data] is analyzed using algorithms based on ballistocardiography (BCG).