HoneyNaps Secures $11.6M Series B, Tops AI Sleep Tech


HoneyNaps, a top South Korean company specializing in AI sleep data analysis, revealed on the 7th that it successfully completed its series B funding round, raising $11.6 million.


This round of funding is a significant milestone, nearly tripling the $3.9 million raised during the series A funding round in 2021. By signing a listing contract with Korea Investment & Securities Co., Ltd. in March 2024, the company is on track to become the leading listed company in Sleep Technology (Sleep-Tech) with its AI bio signal model.


Several new investors, including Korea Industrial Bank, Hi Investment Partners, and QUAD Investment Management, participated in this round. Despite a slowdown in venture investment, the series B round closed early due to high demand, driven by strong interest from both local and international investors.


Established in July 2015, HoneyNaps has raised approximately $16.2 million to date, starting with seed funding of around $0.7 million secured through success-share-funding from the Ministry of SMEs and Startups in 2019. This funding round represents the largest amount raised among recent financings by local Sleep-Tech companies. 


More Information : https://www.techdogs.com/tech-news/pr-newswire/honeynaps-secures-a-116-million-series-b-investment-becoming-the-no-1-ranked-ai-sleep-technology-company

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