The Dawn Group, a sleep well being firm, has secured $29 million in funding, which it’ll use to gas 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, comparable 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 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 — know-how 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 system. It’s the spine of a brand new, scalable mannequin for a way sleep care will probably be delivered.”
With the funding, the corporate will increase Dreem Well being’s assist nationwide. It at present operates in 49 states. It’s additionally trying to increase internationally, comparable to France, the place it just lately accomplished a research 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 put money into analysis and product growth to enhance the prognosis and therapy of sleep problems.
“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 could be simply identified and handled for any sleep problem, all from the consolation of residence,” Martinot stated in an electronic mail. “This implies increasing entry and accelerating know-how growth, together with strategic investments in AI, to rework how sleep medication is delivered.”
At present, greater than 70 million People 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 significant 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 Companies and BetterNight.
“What really units us aside is the truth that Dreem Well being provides a completely complete, end-to-end resolution for sleep problems – overlaying each prognosis and therapy, 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, customized care they should lastly obtain higher sleep,” Martinot declared.
Photograph: SimpleImages, Getty Pictures
