The business of sleep is proving to be a category with tremendous growth potential. Dreem has raised an additional $30 million. The latest round of funding was co-led by US consumer product giant Johnson & Johnson and French state bank Bpifrance.

WHO: Founded in 2013, French company Dreem developed a headband using neurotechnology and auditory stimulation to help people fall asleep faster and sleep deeper.

WHY: The funding will allow continued development on the company’s headband that improves sleep by monitoring brainwaves as well as investing in sleep research.

IN THEIR OWN WORDS: “Understanding and improving sleep is one of the most important technological, scientific, and societal undertakings of our time,” said Dreem CEO Hugo Mercier, in a statement. “If everyone in the world, of which 30 percent don’t sleep effectively today, were able to get better, more quality rest every night—we’d unleash opportunity like none other.”

DETAILS:

• Dreem has raised a new $35 million round of funding co-led by US consumer product giant Johnson & Johnson and French state bank Bpifrance.
• This brings the total amount raised to almost $60 million.
• Previous investors included French entrepreneur Xavier Niel and French insurance company MAIF.