NEWTON, Mass.--(BUSINESS WIRE)--Zeo, Inc., a leading innovator of in-home sleep tracking technology, mobile applications and sleep improvement programs, has received $12.3 million in its third venture financing. This round includes investments from the Best Buy Capital arm of Best Buy Co., Inc., iD Ventures America, Johnson & Johnson Development Corporation and Trident Capital.
Zeo, Inc.’s latest financing reflects the significant progress the company has made with its introductory product line, the Zeo Personal Sleep Coach, the world’s first consumer device that enables people to track their sleep phases and calculate a daily sleep quality score called their ZQ. Zeo also offers highly personalized sleep coaching online and allows users to determine how their behaviors affect both the quantity and quality of their sleep.
“Beyond a better diet and more exercise, the power of a good night’s sleep is vital to enhancing a person’s daily performance and long-term health,” said Zeo, Inc. CEO Dave Dickinson. “Our investors share Zeo’s deep commitment to lead the rapidly emerging Connected Wellness movement. With cutting-edge personal technology like Zeo, consumers are now far more empowered and motivated to take better control of their health and well-being.”
“Everyone from world class athletes to sleep-deprived workaholics tell us that Zeo is like having a personal sleep lab in their home,” adds Ben Rubin, Zeo, Inc. CTO and Co-Founder. “Our Zeo user community is now discovering and then validating, for the first time, ingenious new ways to improve the quality of their sleep through the knowledge of science-based advice combined with the power of measurement.”
The Zeo Personal Sleep Coach was first introduced in late 2009. Since that time, Zeo has added numerous innovations including an iPhone app and an open API, which enables personal sleep data integrations with other data-driven wellness programs such as DigiFit and DailyBurn. Zeo is currently featured in #1 New York Times bestselling author Tim Ferriss’s new book, The 4-Hour Body (www.fourhourbody.com), and in New York Times bestselling author and sleep expert, Dr. James Maas’s new book, Sleep for Success (www.powersleep.org).
ABOUT ZEO, INC.
The mission of Zeo, Inc. is to help people discover new, scientifically-based ways to improve the quality of their lives through the power of sleep. Zeo will accomplish this by combining breakthrough personal sleep tracking technology, web-based tools and mobile applications with proven sleep coaching methods from both sleep and behavioral science. In 2010, Zeo won the Triple Tree Award for Best Consumer Experience in Wireless Life Sciences, as well as the prestigious Thomas Edison Award for Best New Product Innovation, presented by Discovery Channel. The Zeo Personal Sleep Coach is currently sold in the U.S. and the U.K. For more information, visit www.myZeo.com.