23-year-old start-up attracted $ 40 million in a round with the participation of Asia's largest investment fund Temasek
$ 40 million was invested in a sleep monitoring device in the last round of financing. The device developer, Hello, received a valuation of $ 250 million. Round headed the Singapore fund Temasek . Last year, the company raised $ 2.4 million to Kickstarter .
Hello has several competitors in the market for intelligent systems to track a person’s physical condition. Among them - Fitbit fitness bracelet, for example. Hello system consists of a sensor Sleep Pill (it is mounted on a cushion) and analyzing device Sense. It monitors the state of the sleeper and the characteristics of the room - light, temperature, noise level. The founder of Hello is a 23-year-old London-born James Proud.
He independently mastered programming at the age of 9 years. In his teens, James created a service to search for live performances of various musicians Giglocator . At 19, he went to live in San Francisco and went into business. He was assisted in this by venture capitalist Peter Thiel . Proud did not receive education.
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In 2012, Giglocator was sold for a million dollars. The money received was used to launch the Hello project.
In 2014, the company invested such famous figures in Silicon Valley as the former president of PayPal, David Marcus , who now heads the Facebook division, Hugo Barra , who manages Chinaom ’s international operations, Xiaomi , and Shaquille Khan , an entrepreneur and consultant who works with Spotify and investment Horizons Ventures . The total investment was $ 10.5 million.
In the production of consumer electronics requires a lot more investment than in software development. Therefore, cooperation with major investors and their interest in this area largely determine the success of the project.
The Temasek Foundation noted that they have an interest in high-tech start-ups, Vedomosti reports. So, Hello can count on his continued assistance.
Hello has several competitors in the market for intelligent systems to track a person’s physical condition. Among them - Fitbit fitness bracelet, for example. Hello system consists of a sensor Sleep Pill (it is mounted on a cushion) and analyzing device Sense. It monitors the state of the sleeper and the characteristics of the room - light, temperature, noise level. The founder of Hello is a 23-year-old London-born James Proud.
He independently mastered programming at the age of 9 years. In his teens, James created a service to search for live performances of various musicians Giglocator . At 19, he went to live in San Francisco and went into business. He was assisted in this by venture capitalist Peter Thiel . Proud did not receive education.
')
In 2012, Giglocator was sold for a million dollars. The money received was used to launch the Hello project.
In 2014, the company invested such famous figures in Silicon Valley as the former president of PayPal, David Marcus , who now heads the Facebook division, Hugo Barra , who manages Chinaom ’s international operations, Xiaomi , and Shaquille Khan , an entrepreneur and consultant who works with Spotify and investment Horizons Ventures . The total investment was $ 10.5 million.
In the production of consumer electronics requires a lot more investment than in software development. Therefore, cooperation with major investors and their interest in this area largely determine the success of the project.
The Temasek Foundation noted that they have an interest in high-tech start-ups, Vedomosti reports. So, Hello can count on his continued assistance.
Source: https://habr.com/ru/post/291664/
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