The Dawn Group, a sleep well being firm, has secured $29 million in funding, which it is going to 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 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, 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 whole, 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 immediately powers Dreem Well being’s medical companies,” mentioned Maxime Huerre, VP enterprise at Eurazeo, in an announcement. “It’s not simply one other app or gadget. 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 present operates in 49 states. It’s additionally trying to broaden internationally, resembling France, the place it just lately accomplished a research with 848 sufferers, “validating the accuracy and effectiveness of our residence sleep take a look at when in comparison with conventional polysomnography,” mentioned Laurent Martinot, CEO and founding father of the Dawn Group.
As well as, the corporate will put money into analysis and product growth to enhance the prognosis and therapy 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 america—a spot the place sufferers may be simply identified and handled for any sleep problem, all from the consolation of residence,” Martinot mentioned in an e-mail. “This implies increasing entry and accelerating expertise growth, together with strategic investments in AI, to remodel how sleep medication is delivered.”
At present, greater than 70 million People 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 danger of great medical circumstances, like weight problems, diabetes and heart problems. Inadequate sleep can also be related to a shortened lifespan.
A number of different firms are additionally attempting to advance sleep care, together with Snap Diagnostics, Blackstone Medical Providers and BetterNight.
“What really units us aside is the truth that Dreem Well being provides a totally complete, end-to-end answer for sleep issues – protecting each prognosis and therapy, and coordinating the complete spectrum of therapies, from PAP gadgets and surgical implants to oral home equipment and CBT-I – guaranteeing each affected person receives the perfect, customized care they should lastly obtain higher sleep,” Martinot declared.
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