Blackfinch Ventures invests in world’s first sleep aiding headphones
Kokoon provides a personalised sleep journey, giving the wearer access to a bespoke intelligent audio library within its sensor enabled headphones and connected app
Blackfinch Ventures invests c.£540,000 into innovative start-up Kokoon. The London-based company has developed the world’s first sleep-aiding headphones. The noise-cancelling device includes bio-sensors that monitor levels of relaxation and consciousness.
The product is specifically designed to help customers sleep using soothing audio and soundscapes. The connected app, Kokoon Relax, monitors and tracks the user’s journey, with suggested audio specifically designed to protect from disturbances during the night.
CEO and Founder of Blackfinch Richard Cook, said: “Kokoon has demonstrated incredible traction in this fast-growing sector and we are excited to be part of its journey.”
Kokoon’s product has already launched and has sold well with an impressive £4.5m of sales with over 15,000 products shipped to date. Kokoon will use the investment from Blackfinch to drive marketing and sales of its over-ear headphones, including distribution through key high-street retailers, including Selfridges and John Lewis. It will also use the funds to develop a new in-ear model which it will offer a lower price.
Chief Executive Officer at Kokoon, Tim Antos, said: “We’re delighted to have Blackfinch joining as an investor as we start to scale our business globally, bringing relaxation and sleep to the world.”
Kokoon adapts to you and your environment; quietening as you fall asleep and learning what helps you rest and relax. Its highly effective audio has been developed with sleep scientists. Data collected demonstrates that personalising content helps customers fall asleep over 35% quicker and sustains long-term improvements in sleep and mental health.
Blackfinch Ventures provides investment to innovative technology start-ups. The team applies its extensive experience and broad network of relationships to deliver end-to-end support for companies, throughout the investment process and beyond. It works with founders over the long term, developing businesses that can transform some of the biggest markets in the world.
Dr Reuben Wilcock, Ventures Director at Blackfinch Ventures, said: “Kokoon has achieved great success so far. We look forward to seeing our investment help take the company to the next level.”
Blackfinch Ventures is a specialist in Enterprise Investment Schemes, recognised for structured risk mitigation, robust processes and adaptation to legislative change. Blackfinch Ventures continues to enable investment in fast-growing UK companies and is looking to expand its portfolio and invest in further firms.