# Owlet Baby Care

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/owlet-baby-care

- Industry: Healthcare IT
- Headquarters: Lehi, US
- Website: http://www.owletcare.com
- Total disclosed funding: $48M
- Latest round: Series B (May 8, 2018)
- Investors on record: 21

## About

Owlet Baby Care Inc. specializes in innovative infant monitoring solutions, leveraging advanced technology to enhance parental peace of mind regarding their infants' well-being during sleep.Owlet Baby Care Inc. was founded in 2013 in Lehi, US. The company offers comprehensive infant monitoring solutions, including the Dream Sock and Owlet Cam 2. Its founders, Kurt Workman and Zack Bomsta, have a background in technology and product development. The company has raised USD 130.00 mn through several rounds of funding, with the most recent PIPE round occurring on December 11, 2024. Notably, Fidelity Investments, Janus Henderson Investors, Neuberger Berman, OrbiMed Advisors, and Wasatch Funds participated in this latest funding round, which marks the total amount raised by the company.Owlet Baby Monitor provides innovative infant monitoring solutions, including the Dream Sock, the first FDA-cleared baby monitor capable of tracking a baby's heart rate and oxygen levels during sleep, and the Owlet Cam 2, an HD camera with night vision. The Dream Duo combines the functionalities of both devices, while the BabySat is a hospital-grade monitor requiring a prescription. Owlet primarily serves new parents in the US, Canada, Australia, and select European markets, offering real-time health insights and notifications.In 2022, Owlet Baby Care Inc. generated a revenue of USD 69.20 mn, while reporting an EBITDA of USD -81.94 mn. The company generates revenue through direct-to-consumer sales of its smart baby monitors and has retail partnerships. Key products are priced at USD 299.99 for the Dream Sock and Dream Duo, and USD 129.99 for the Owlet Cam, with sales occurring through its website and authorized retailers.Owlet Baby Care Inc. aims to enhance its product offerings and expand into new markets. The company recently secured USD 22.50 mn in venture debt funding from Western Technology Investment and Mountain Ridge Capital in September 2024, with an additional USD 2.50 mn expected by December 2024 and USD 5.00 mn after June 2025. This funding will be utilized for recapitalization and to provide financial flexibility as the company develops new products and seeks to enter additional geographic regions.

## Funding rounds

- Series B, May 8, 2018, $24M — Pelion Venture Partners, Trilogy VC, Broadway Angels, Eclipse Ventures, Enfield Ventures
- Series B, Nov 3, 2016, $15M — Integral Capital Partners, Eniac Ventures, RTP Global, Trilogy VC, Broadway Angels, Eclipse Ventures, GR Capital, Amazon
- Series A, Jul 24, 2015, $7M — Compound Ventures, ff Venture Capital, Eniac Ventures, Formation8, Album VC, Azimuth Ventures, Service Provider Capital, Carpediem Capital, Eclipse Ventures
- Seed, Apr 22, 2014, $1.9M — ff Venture Capital, Eniac Ventures, Album VC, Azimuth Ventures, BrandProject, Life Sciences Angel Network
- Seed, Dec 3, 2013 — Techstars, R/GA Ventures

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- R/GA Ventures (https://capitalatlas.ai/funds/r-ga-ventures) — Seed
- ff Venture Capital (https://capitalatlas.ai/funds/ff-venture-capital) — Seed, Series A
- Eniac Ventures (https://capitalatlas.ai/funds/eniac-ventures) — Seed, Series A, Series B
- Album VC (https://capitalatlas.ai/funds/album-vc) — Seed, Series A
- Azimuth Ventures (https://capitalatlas.ai/funds/azimuth-ventures) — Seed, Series A
- BrandProject (https://capitalatlas.ai/funds/brandproject) — Seed
- Life Sciences Angel Network — Seed
- Compound Ventures (https://capitalatlas.ai/funds/compound-ventures) — Series A
- Formation8 (https://capitalatlas.ai/funds/formation8) — Series A
- Service Provider Capital (https://capitalatlas.ai/funds/service-provider-capital) — Series A
- Carpediem Capital (https://capitalatlas.ai/funds/carpediem-capital) — Series A
- Eclipse Ventures (https://capitalatlas.ai/funds/eclipse-ventures) — Series A, Series B
- Integral Capital Partners (https://capitalatlas.ai/funds/integral-capital-partners) — Series B
- RTP Global (https://capitalatlas.ai/funds/rtp-global) — Series B
- Trilogy VC (https://capitalatlas.ai/funds/trilogy-vc) — Series B
- Broadway Angels (https://capitalatlas.ai/funds/broadway-angels) — Series B
- GR Capital (https://capitalatlas.ai/funds/gr-capital) — Series B
- Amazon (https://capitalatlas.ai/funds/amazon) — Series B
- Pelion Venture Partners (https://capitalatlas.ai/funds/pelion-venture-partners) — Series B
- Enfield Ventures — Series B