Owlet Secures $9 Million in Strategic Financing to Propel Its Smart Infant Monitoring Tech Forward

Feb 26, 2024•almost 2 years ago

Amount Raised

$9 Million

Round Type

series b

LehiSoftwareHealth Care

Investors

Not Mentioned

Description

Owlet, Inc. has secured $9 million through the sale of its Series B convertible preferred stock and warrants, marking a pivotal moment in its journey towards global commercialization and profitability. The financing is aimed at accelerating Owlet's momentum after recent FDA clearance of new medical devices and encouraging preliminary results for the fourth quarter.

Company Information

Company

Owlet Baby Care

Location

2500 EXECUTIVE PARKWAY

Lehi, Utah, United States

About

Owlet was founded by a team of parents in 2012. Owlet’s mission is to empower parents with the right information at the right time, to give them more peace of mind and help them find more joy in the journey of parenting. Owlet’s digital parenting platform aims to give parents real-time data and insights to help parents feel calmer and more confident. Owlet believes that every parent deserves peace of mind and the opportunity to feel their well-rested best. Owlet also believes that every child deserves to live a long, happy, and healthy life, and is working to develop products to help further that belief.

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Funding Insights

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