Sleepagotchi, a provider of a mobile app with gamification and social features that helps users improve their sleeping habits, raised $3.5 million in Seed funding.
6th Man Ventures, Collab+Currency, Shima Capital, 1kx, DeFi Alliance, Sfermion, Emoote, and LCA Game Guild led the investment round with participation from angels including Cem Kansu (VP Product at Duolingo), Santiago R Santos, and Justin Melillo (Founder of Mona).
According to the press release, the new funding will provide Sleepagotchi with the resources for effective product development and initial scaling. The seed round was completed in September 2022 but is announced now as Sleepagotchi enters a more public testing phase on the app stores. The startup’s goal remains clear: to help users improve their sleeping habits with gamification features.
Commenting on the funding round, Anton Kraminkin, co-founder of Sleepagotchi, said: “What initially started as a side project to gamify sleep quickly found an active community in Japan and around the world. Users reported improved sleep discipline and hygiene thanks to the gamification mechanics of Sleepagotchi, which convinced us to build out the product further and distribute it to a wider audience.”
According to the company’s website, the Sleepagotchi app rewards users for meeting consistent sleep goals with digital collectibles. Every morning, users claim a digital collectible from which they can construct virtual collectible rooms. In Sleepagotchi, users enter their target bedtime and wake-up time that they hope to achieve consistently. Users then receive different levels of rewards depending on how close their actual bedtime and wake-up times were to their target and how consistent they were.
Sleep tech startups
Digital mobile health care apps, including sleep care apps, have raised more than $10 billion in venture capital funding to date, according to our funding database.
Notable latest funding rounds in the sleep tech include:
Big Health, a provider of digital therapeutics apps that help people gain control over their anxiety, sleep, and stress, raised $75 million in Series C funding, led by SoftBank Vision Fund 2, with participation from ArrowMark Partners, Octopus Ventures, Gilde Healthcare, Kaiser Permanente Ventures (KPV), and Morningside Ventures.
Calm, a digital sleep and meditation app that helps people lower stress and anxiety, raised $75 million in Series C funding at a $2 billion valuation. Existing investor Lightspeed Venture Partners led the investment round with participation from TPG, Insight Venture Partners, Marc Benioff, and funds managed by Goldman Sachs Asset Management.
Click here to read more about the latest digital health funding news…