Sleepace whoop $7M funding to help make sleep better
Chinese hardware startup Sleepace, maker of a gadget that monitors people’s sleep, revealed today that it has secured US$7 million in series B funding. Sleepace whoop $7M funding
The investment was led by retail chain Luolai Home Textile and followed by ecommerce titan JD. Sleepace’s sole device right now is RestOn, which lies across the width of a bed in order to monitor a user’s sleep cycles, movements, respiratory rate, and heart rate.
It costs RMB 1,099, which makes it a pricey alternative to using a cheap fitness tracker wristband to analyze your sleep, but the startup reckons that its bit of kit is a more comfortable way to do it as the user doesn’t have to wear any gizmos while they try to sleep. Sleepace whoop $7M funding
As you’d expect, your quantified sleep data is presented in an accompanying app.
The Sleepace team first hit the market on Chinese crowdfunding site Demohour, then got just over US$3 million in series A funding last summer from Gobi Ventures. Sleepace whoop $7M funding
At the start of this year, Sleepace took the Reston to overseas consumers after wrapping up an Indiegogo campaign that soared past its goal.
This is the latest in a series of moves that JD – Alibaba’s biggest rival in China – has made to partner with startups that make smart home or fitness gadgets, such as JD’s launch of a Kickstarter-style site.
Last summer, JD joined Tencent in throwing funding at Picooc, which makes a set of smart scales. Sleepace whoop $7M funding
As a part of JD’s financial backing of Sleepace, the startup will make use of JD’s smart home platform to make Reston work with the JD+ controller app for web-connected home devices. Sleepace whoop $7M funding
The post Sleepace whoop $7M funding to help make sleep better appeared first on Talks Friendite.