Stellar Sleep Raises $6M to Help End Sleeplessness With the First Digital Sleep Therapy Platform for Chronic Insomnia

Stellar Sleep, which provides the first digital solution for chronic insomnia management, announced today a $6 million seed round, led by Initialized Capital with participation from Y Combinator, Lombardstreet Ventures, Switch Ventures, Moonfire Ventures, Scrum Ventures, 8vdx, and Goodwater. More than 25 million Americans suffer from chronic insomnia – meaning sleep problems 3+ nights a week for 3+ months. The condition can lead to both mental and physical health issues, ranging from trouble concentrating to sleep apnea and heart attacks. For people suffering from chronic insomnia, superficial care advice (e.g. cutting coffee, reducing screen time, meditation, etc.) is not enough. Their insomnia is driven by deeper psychological challenges like unresolved anxiety, burnout, or depression. Stellar Sleep is a mobile app that helps users break the insomnia cycle using a proven, psychology-based methodology, and a clinical assessment of 500 users found it to be 50 percent more effective than sleeping pills. This seed funding represents a significant milestone for Stellar Sleep, providing the ability to further expand capacity and reach. In addition, investments will allow for more comprehensive content and personalization of the user experience. “No one values sleep as much as those who can’t get it. The treatment options are so limited that these founders got trained as sleep therapists to treat themselves,” said Parul Singh, Partner at Initialized Capital. “Stella...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT 8vdx Edrei Chua George Wang Goodwater Health IT Funding Health IT Fundings Health IT Investment Initialized Capital Lombardstreet Ventures Moonfire Ventures Parul Singh Scrum Ventures Stellar Sle Source Type: blogs