Today’s early-stage startup funding and acquisitions news:
Sproutling, creator of a wearable device for babies that monitors their sleeping habits and vitals, has announced the closing of a $2.6 million Seed funding round. Investors include First Round Capital, Forerunner Ventures, FirstMark Capital, Accelerator Ventures, Lemnos Labs, BoxGroup and Shawn Fanning. The startup has not launched publicly, but according to reports, the company’s flagship product includes a small, wearable Bluetooth-enabled monitor that measures things like breathing, heart rate, and body temperature. It also reportedly includes a base-station, small camera and an app that allows parents to monitor the baby from a mobile device. Sproutling, part of the Lemnos Labs class of 2013, was founded in 2012 and is based in San Francisco.
HQ: San Francisco
Year Founded: 2012
Innovation: A wearable device-based system that utilizes Bluetooth, a mobile app and a camera to monitor a baby and measure vitals like breathing, heart rate, and body temperature.
Total Funding: $2.6 million
More funding and acquisitions news…
Google buys Bump to share anything between your phone and laptop (via VentureBeat)
Upworthy, the viral video site for do-gooders, raises $8M (via PaidContent)
Convo lands $5M from Morgenthaler Ventures (via VatorNews)
Zipments Raises $2.25 Million In Funding (via Pulse2.0)
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