BetterNight Raises $33M in Growth Financing

BetterNight Logo

BetterNight, a San Diego, CA-based provider of sleep care through its virtual care platform, raised $33M in Growth funding.

The round was led by NewSpring with participation from existing investors HCAP Partners and Hamilton Lane (NASDAQ:HLNE) via its Impact Fund II.

The company intends to use the funds to continue its nationwide expansion through partnerships with physician practices, health systems, and insurers, to accelerate the adoption and growth of its value-based sleep solution to employers and health plans, and to invest in technology to support patient engagement and remote patient monitoring.

Led by CEO Dave French, BetterNight provides a full continuum of care for patients with sleep disorders, from consultation to diagnosis to treatment to long-term coaching. The company is focused on addressing obstructive sleep apnea (OSA) and insomnia to boost clinical outcomes, lower healthcare costs, and improve patient lives. BetterNight partners with physicians, health systems, clinics, and health plans across the United States. All services are provided digitally in the patient’s home.