iBeat, a San Francisco, CA-based maker of heart-monitoring smartwatch, closed an approximately $1.5m seed funding round.
The round was led by Maveron, Subtraction Capital, and Correlation Ventures with participation from super-angels Ali and Hadi Partovi, Russell Okung, KKR founding partner Henry Kravis, Band of Angels, and industrial design firm Ammunition.
The company intends to use the funds to recruit talent, expand infrastructure and operations, and commercialize its first product.
Led by Ryan Howard, founder and CEO, iBeat is currently building a smartwatch that perpetually monitors and analyzes users’ 24-7 heart activity. In the case of a life-threatening emergency, iBeat will instantly alert the user, the people around them, and emergency responders in real-time.