# Kokoon Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kokoon-technology

- Industry: Consumer Products
- Headquarters: London, UK
- Website: http://www.kokoon.io
- Total disclosed funding: $6.7M
- Latest round: Seed (Feb 14, 2019)
- Investors on record: 3

## About

Kokoon Technology Limited, based in the UK, specializes in innovative sleep solutions through its advanced sleep headphones and app, aiming to improve sleep quality for users worldwide.Founded in 2013 and headquartered in London, UK, Kokoon Technology Limited develops sleep-related products. The company secured GBP 0.43 million in GROWTH funding from MMC Ventures on February 10, 2021. Tim Antos, the CEO, leads the firm, which is noted for creating eight distinct deals in its funding journey.Kokoon Technology Limited specializes in sleep-related products, primarily offering the Philips Sleep Headphones integrated with the Kokoon App. The headphones feature patented audio fade-out technology and advanced noise masking capabilities, designed to enhance user comfort for sleep. These headphones target users who struggle with sleep disturbances, providing a solution for light sleepers and individuals sensitive to external noise. The accompanying Kokoon App, developed in collaboration with sleep scientists, allows users to access a library of sleep meditations, soundscapes, and audio content tailored for relaxation. The core customer base includes individuals with sleep difficulties, such as light sleepers and those experiencing insomnia, and the products are marketed in various geographical regions, including North America, Europe, and parts of Asia.Kokoon Technology Limited generates revenue primarily through direct-to-consumer sales of its flagship product, the Philips Sleep Headphones, which retail at USD 200.00. The company also offers an app subscription model that enhances user experience by providing access to curated audio content specifically designed for sleep. Customers can purchase headphones directly through the company's website, as well as through select retail partners, making transactions straightforward. The structure of these transactions involves a one-time purchase for the headphones and optional recurring fees for the app subscription, catering to users who seek a comprehensive sleep solution. The pricing structure reflects a premium positioning in the market, aimed at consumers investing in quality sleep and well-being. In 2022, Kokoon reported an EBITDA of GBP 0.Kokoon Technology Limited plans to leverage its recent GROWTH funding of GBP 0.43 million to address challenges posed by the pandemic. This funding will support the creation of five new jobs and facilitate the development of new products, with specific details on upcoming launches yet to be disclosed. The company aims to expand its market presence, targeting new geographic regions, although specific markets for this expansion have not been mentioned. CEO Tim Antos will continue to lead the company through these growth initiatives.

## Funding rounds

- Seed, Feb 14, 2019, $1.1M — SOSV, HAX
- Seed, Dec 6, 2017, $3.9M — SOSV
- Seed, May 17, 2016, $1.8M — SOSV, Breed Reply
- Seed, Nov 1, 2014, $0M — SOSV, HAX

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- HAX — Seed
- Breed Reply (https://capitalatlas.ai/funds/breed-reply) — Seed