The Dawn Group, a sleep well being firm, has secured $29 million in funding, which it is going to use to gasoline the nationwide growth of its digital sleep clinic referred to as Dreem Well being, the corporate introduced on Thursday.
Belgium-based the Dawn Group provides a small chin sensor that focuses on mandibular jaw actions for exact sleep evaluation. In 2024, it acquired Dreem Well being, which provides video consultations, diagnostics and customized therapy options for sleep circumstances, akin to sleep apnea. It accepts insurance coverage, together with UnitedHealthcare, Aetna and Medicare.
Its $29 million spherical was led by Eurazeo, and included participation from Amazon’s Alexa Fund, WE Worldwide, Kurma Companions, Vives Fund, Majycc (an UI Investissement fund), Namur Make investments, Seventure Companions, Investsud, Sambrinvest, Noshaq, IMBC and Make investments.BW. In complete, the Dawn Group has raised $58 million.
“What units Dawn Group aside is the mixture of {hardware} and software program constructed particularly for sleep well being — expertise that instantly powers Dreem Well being’s medical companies,” stated Maxime Huerre, VP enterprise at Eurazeo, in a press release. “It’s not simply one other app or machine. It’s the spine of a brand new, scalable mannequin for the way sleep care might be delivered.”
With the funding, the corporate will broaden Dreem Well being’s help nationwide. It at the moment operates in 49 states. It’s additionally trying to broaden internationally, akin to France, the place it lately accomplished a examine with 848 sufferers, “validating the accuracy and effectiveness of our residence sleep take a look at when in comparison with conventional polysomnography,” stated Laurent Martinot, CEO and founding father of the Dawn Group.
As well as, the corporate will spend money on analysis and product improvement to enhance the analysis and therapy of sleep issues.
“Our focus is on scaling our digital sleep clinic, Dreem Well being, with the ambition to construct the biggest sleep clinic in the USA—a spot the place sufferers may be simply recognized and handled for any sleep problem, all from the consolation of residence,” Martinot stated in an electronic mail. “This implies increasing entry and accelerating expertise improvement, together with strategic investments in AI, to remodel how sleep drugs is delivered.”
At the moment, greater than 70 million Individuals battle sleep issues, however there is just one sleep physician for each 43,000 folks. Research present {that a} lack of sleep will increase the chance of significant medical circumstances, like weight problems, diabetes and heart problems. Inadequate sleep can be related to a shortened lifespan.
A number of different firms are additionally making an attempt to advance sleep care, together with Snap Diagnostics, Blackstone Medical Companies and BetterNight.
“What really units us aside is the truth that Dreem Well being provides a totally complete, end-to-end resolution for sleep issues – protecting each analysis and therapy, and coordinating the total spectrum of therapies, from PAP units and surgical implants to oral home equipment and CBT-I – making certain each affected person receives the best, customized care they should lastly obtain higher sleep,” Martinot declared.
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