Total amount raised
$27.1 Millions
Latest funding date
Location
Hatch has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company offers a suite of smart sleep products designed to help people of all ages develop and maintain healthy sleep habits.
Keep reading to explore the intricacies of Hatch's fundraising journey and the investors backing this innovative platform.
What Is Hatch?
Founded in 2015 by Ann Crady Weiss and David Weiss, Hatch is based in Menlo Park, California. The company specializes in smart sleep products designed to help people of all ages develop and maintain healthy sleep habits.
Hatch offers a range of innovative sleep solutions, including smart sleep clocks, sunrise alarms, and sound machines. These products aim to improve sleep quality for both adults and children.
With a team of 101-250 employees, Hatch continues to grow and innovate in the sleep technology space, providing comprehensive solutions for better sleep.
How Much Funding Has Hatch Raised?
- Series A
- Amount Raised: $7M
- Date: October 2015
- Lead Investors: True Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Hatch Baby's line of wireless-enabled smart parenting devices.
- Series A
- Amount Raised: $3.8M
- Date: June 2017
- Lead Investors: True Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue building out Hatch Baby's suite of smart parenting devices.
- Series A
- Amount Raised: $6.5M
- Date: September 2018
- Lead Investors: True Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and market their smart sleep products.
- Series A
- Amount Raised: Not publicly disclosed
- Date: February 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing product development and market expansion.
- Series B
- Amount Raised: $9.8M
- Date: May 2020
- Lead Investors: True Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
Total Amount Raised: $27.1M. Current Valuation: Not publicly disclosed.
Key Investors
- True Ventures
- Details: True Ventures is a Silicon Valley-based venture capital firm founded in 2005. They have over $1 billion in capital under management and have funded over 200 companies.
- Investment Focus Areas: Early-stage technology startups, consumer products, wellness.
- Notable Investments: Fitbit, Peloton, Blue Bottle Coffee.
- Geoff Ralston
- Details: Geoff Ralston is a prominent angel investor and a partner at Y Combinator. He has a background in technology and has been involved in numerous successful startups.
- Investment Focus Areas: Technology, startups, innovation.
- Notable Investments: Not publicly disclosed.
- James Hong
- Details: James Hong is an entrepreneur and angel investor, best known for co-founding the website Hot or Not. He has invested in various tech startups over the years.
- Investment Focus Areas: Technology, internet services, consumer products.
- Notable Investments: Not publicly disclosed.
- H. Barton Co-Invest Fund
- Details: H. Barton Co-Invest Fund is a co-investment fund that participates in various investment rounds. They focus on partnering with other investors to support growing companies.
- Investment Focus Areas: Co-investment opportunities, diverse sectors.
- Notable Investments: Not publicly disclosed.
- Veddis Ventures
- Details: Veddis Ventures is an investment firm that focuses on early-stage and growth-stage companies. They aim to support innovative and disruptive businesses.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Not publicly disclosed.
What's Next for Hatch?
Hatch is poised to capitalize on the growing demand for smart parenting devices, with opportunities to expand its product line and become a trusted source of insights for parents. The U.S. market alone, with four million babies born annually, presents a significant opportunity for growth.
Future fundraising rounds seem likely, given the success of previous investments and the potential for market expansion. However, Hatch will need to navigate challenges such as competition and ensuring the reliability of their technology. Scaling production while maintaining quality will be crucial as they continue to grow.
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