Stellar Sleep, a San Francisco, CA-based provider of a digital solution for chronic insomnia management, raised $6M in Seed funding.
The round was led by Initialized Capital with participation from Y Combinator, Lombardstreet Ventures, Switch Ventures, Moonfire Ventures, Scrum Ventures, 8vdx and Goodwater.
The company intends to use the funds to further expand capacity and reach.
Founded by George Wang and Edrei Chua, Stellar Sleep offers a digital solution for chronic insomnia management. Following the download of the app, users can create an account, and complete an onboarding assessment that allows Stellar Sleep to understand the comprehensive picture behind their sleep issues. Users can also connect their wearables to provide an even more complete view of their sleep and well-being. Next, Stellar Sleep builds each user a custom, interactive program that guides them daily – and as needed in the middle of the night – to learn how to sleep well again. The program gets progressively more personalized based on the user’s sleep stats. Finally, Stellar Sleep helps users manage the user’s chronic sleep issues over the long run using psychology. This includes a combination of proven psychology techniques (e.g., CBT, acceptance and commitment therapy, motivational interviewing) that addresses the user’s root causes of insomnia (such as anxiety or burnout) and provides them with the tools to manage those root causes, so they don’t interfere with their day-to-day life and sleep.
FinSMEs
07/02/2024