The Dawn Group, a sleep well being firm, has secured $29 million in funding, which it can use to gas the nationwide growth of its digital sleep clinic known as Dreem Well being, the corporate introduced on Thursday.
Belgium-based the Dawn Group presents a small chin sensor that focuses on mandibular jaw actions for exact sleep evaluation. In 2024, it acquired Dreem Well being, which presents video consultations, diagnostics and personalised remedy options for sleep situations, resembling 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 mix of {hardware} and software program constructed particularly for sleep well being — expertise that straight powers Dreem Well being’s scientific 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 a way sleep care will likely be delivered.”
With the funding, the corporate will broaden Dreem Well being’s assist nationwide. It at the moment operates in 49 states. It’s additionally trying to broaden internationally, resembling France, the place it just lately accomplished a examine with 848 sufferers, “validating the accuracy and effectiveness of our residence sleep check 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 growth to enhance the analysis and remedy of sleep issues.
“Our focus is on scaling our digital sleep clinic, Dreem Well being, with the ambition to construct the most important sleep clinic in the USA—a spot the place sufferers could be simply identified and handled for any sleep problem, all from the consolation of residence,” Martinot stated in an e mail. “This implies increasing entry and accelerating expertise growth, together with strategic investments in AI, to rework how sleep drugs is delivered.”
Presently, greater than 70 million Individuals battle sleep issues, however there is just one sleep physician for each 43,000 individuals. Research present {that a} lack of sleep will increase the chance of great medical situations, like weight problems, diabetes and heart problems. Inadequate sleep can be related to a shortened lifespan.
A number of different corporations 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 presents a completely complete, end-to-end answer for sleep issues – protecting each analysis and remedy, and coordinating the total spectrum of therapies, from PAP gadgets and surgical implants to oral home equipment and CBT-I – making certain each affected person receives the perfect, personalised care they should lastly obtain higher sleep,” Martinot declared.
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