OWLET BABY CARE SECURES $15M IN NEW FUNDING

Via PR Newswire:

LEHI, Utah, Nov. 3, 2016 /PRNewswire/ — Owlet Baby Care, a Techstars company and creator of the Owlet Smart Sock, raised an additional $15 million through venture funding and a collaborator role grant from the National Institutes of Health (NIH), bringing its total raised to $25 million. Investors in this round include previous round participants Eclipse and Eniac, as well as new investors Trilogy Equity Partners, the Amazon Alexa Fund, RTP-HC, Capital Integral and Broadway Angels.

“This new round of funding provides Owlet with the backing to expand our reach into retail and international distribution, launch two new product lines and kickoff the largest infant health study ever conducted,” said Kurt Workman, Owlet Co-Founder and CEO. “We are very grateful for the continued support of our investors, and we’re excited to welcome Trilogy Equity Partners, the Alexa Fund, RTP-HC, Capital Integral and Broadway Angels who help make achieving our big vision and mission possible.”