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Embr Labs Secures $35 Million To Fund Market Expansion

PRIVATEMay 03, 2023

Amount Raised

$35 Million

Round Type

Funding Round

FloridaInformation TechnologyHealthcareHealth Care

Investors

Aon PlcGT Investment Partners

Description

Embr Labs, Inc, makers of Embr Wave®, the leading wearable to treat the symptoms of menopause, today announced that it has raised $35 million via intellectual property (IP)-based debt financing. Led by GT Investment Partners ("Ghost Tree Partners") in collaboration with Aon plc (NYSE: AON), the financing will fuel Embr's consumer growth strategy via retail and geographic expansion, improving even more lives with the power of temperature.

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Company Information

Company

Embr Labs, Inc

Location

6828 LINFORD LANE

Florida, United States

About

Embr Labs is the leading healthtech company addressing the symptoms of menopause by pioneering the use of temperature as a new pathway to the brain. Embr Wave is now distributed through major US retailers, as well as Boots.com in the UK. The company's patented technology has been clinically validated and delivers a brand new category of safe and natural solutions to manage hot flashes, sleep issues, stress, and thermal discomfort. The company was founded by MIT-trained engineers and is backed by investors including Bose Ventures, DigiTx Partners, Safar Partners, Esplanade Ventures, and Intel Capital. Embr Labs has won numerous awards for the Embr Wave, including the AARP Innovation in Aging Award, Time Magazine's Best Inventions, the iF Design Award and was named to CB Insights' Digital Health 150.

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Embr Labs, Inc raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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