Kokoon raises £541k from Blackfinch Ventures to scale product sales and development
Blackfinch Ventures has backed the sleep technology developer to support new product lines and retail distribution.
Kokoon produces sensor enabled headphones and a companion application designed to monitor sleep patterns and deliver personalised audio. The firm has shipped more than 15000 units to date.
Kokoon has secured £541k in funding from Blackfinch Ventures to expand its marketing efforts and develop a new lower priced in-ear model. The firm has already commercialised its initial over-ear sleep aiding headphones, generating £4.5m in sales across more than 15000 shipped units.
The capital injection will help drive distribution through high-street retailers such as Selfridges and John Lewis while supporting the company as it scales its operations globally.
From the founder
"We’re delighted to have Blackfinch joining as an investor as we start to scale our business globally, bringing relaxation and sleep to the world."
Tim Antos
Chief Executive Officer at Kokoon
Investor perspective
"Kokoon has demonstrated incredible traction in this fast-growing sector and we are excited to be part of its journey."
Richard Cook
CEO and Founder at Blackfinch, Blackfinch Ventures
Use of funds
- 01Invest in sales and marketing
- 02Continue product development