The Dawn Group, a sleep well being firm, has secured $29 million in funding, which it would use to gasoline the nationwide enlargement of its digital sleep clinic referred to as Dreem Well being, the corporate introduced on Thursday.
Belgium-based the Dawn Group gives a small chin sensor that focuses on mandibular jaw actions for exact sleep evaluation. In 2024, it acquired Dreem Well being, which gives video consultations, diagnostics and personalised therapy options for sleep situations, reminiscent of 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 — know-how that straight 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 gadget. It’s the spine of a brand new, scalable mannequin for the way sleep care will probably be delivered.”
With the funding, the corporate will increase Dreem Well being’s help nationwide. It presently operates in 49 states. It’s additionally trying to increase internationally, reminiscent of France, the place it lately accomplished a examine with 848 sufferers, “validating the accuracy and effectiveness of our house 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 problems.
“Our focus is on scaling our digital sleep clinic, Dreem Well being, with the ambition to construct the most important sleep clinic in america—a spot the place sufferers could be simply identified and handled for any sleep problem, all from the consolation of house,” Martinot stated in an e mail. “This implies increasing entry and accelerating know-how improvement, together with strategic investments in AI, to remodel how sleep medication is delivered.”
At present, greater than 70 million Individuals battle sleep problems, however there is just one sleep physician for each 43,000 folks. Research present {that a} lack of sleep will increase the danger 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 attempting 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 gives a totally complete, end-to-end resolution for sleep problems – masking each analysis and therapy, and coordinating the total spectrum of therapies, from PAP units and surgical implants to oral home equipment and CBT-I – guaranteeing each affected person receives the perfect, personalised care they should lastly obtain higher sleep,” Martinot declared.
Picture: SimpleImages, Getty Photographs
