20 Dec Members of Henley Business Angels invest in Kokoon, a technology company manufacturing smart headphones to aid sleep and relaxation
Sleep-monitoring company Kokoon has received investment from several Henley Business Angel members alongside other angel networks and public investors via Crowdcube totaling £1.65 million.
Kokoon addresses the growing problem faced by an increasing number people who suffer by poor sleep and difficulty relaxing. In the UK, almost 50% of people are losing sleep through worry and stress and over 25% struggle with disturbances to their sleep. Kokoon uses audio delivered through its smart, patent protected moulded headphones to help people relax and switch off whilst at the same time protecting them from disturbances that may compromise their sleep.
Alongside the smart headphones, Kokoon plans to launch a premium audio subscription service that provides users access to its audio content library to aid sleep and relaxation.
Kokoon, which has featured on the BBC and numerous press outlets, has already secured pre-orders of over £3m. Several airlines have subscribed to trails which will commence when products is delivered early in 2018.
The money raised by Kokoon will be used to manufacture and ship its headphones, expand its marketing activities and support the trails with various prospective corporate customers.
Tim Antos, Kokoon’s CEO, said: “We are delighted to be closing this round with the support of HBA members and are excited to be entering the next phase of growth as we launch our product with some fantastic new investors.”
Jurek Sikorski, Founder and Director of Henley Business Angels, said: “Kokoon has launched strongly into the sleep aid market threatening to make a massive change the way we manage our sleep disturbances. The market is huge and Kokoon is well placed to become a market leader.”
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