Owlet Raises $24M in Series B Funding

Owlet Baby Care, a Lehi, Utah-based provider of a smart sock baby monitor, closed a $24m Series B funding.

The round was led by Trilogy Equity Partners, with participation from existing investors Eclipse Ventures, Broadway Angels, and Enfield Ventures, and the addition Pelion Venture Partners. In conjunction with the financing, Amy McCullough, Managing Director at Trilogy Equity Partners, will join Owlet’s board of directors.

The company intends to use the funds to accelerate its growth through the launch of additional products and continued international expansion.

Led by Kurt Workman, Co-Founder and CEO, Owlet provides the Smart Sock baby monitor, which uses pulse oximetry to track a baby’s heart rate and oxygen levels while sleeping. In 2017, the company launched the Connected Care platform which provides parents with comprehensive data analysis and trends based on biometric information about their baby, including heart rate, oxygen levels, sleep trends and red notification history.
Two new products are slated for release in 2018.

Owlet Baby Care also recently announced the addition of three experts to its board of directors and executive team, including:
– Woody Scal, former Fitbit Chief Business Officer, joined as a board member;
– Mike Abbott, seasoned CFO and executive from top consumer brands, joined as as Chief Financial Officer; and
– Milena Adamian, MD, PhD, a cardiologist and clinical research expert, joined as as Vice President of Health Affairs.



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