About Owlet
Owlet is a company based in Lehi (United States) founded in 2013 by Jordan Monroe, Zack Bomsta, and Kurt Workman. It operates as a Direct-to-Consumer (D2C), and HealthTech. Owlet has raised $54.96 million across 9 funding rounds from investors including NIH, R/GA and Techstars. The company has 85 employees as of December 31, 2024. Owlet offers products and services including Dream Sock, Dream Duo, and Dream Sight. Owlet operates in a competitive market with competitors including Kiddo Health, Cubtale, Nara Baby, AngelEye Health and Evoz, among others.
- Headquarter Lehi, United States
- Employees 85 as on 31 Dec, 2024
- Founders Jordan Monroe, Zack Bomsta, Kurt Workman
- Stage Public
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Sectors
RetailTechnology Consumer Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Owlet, Inc.
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Annual Revenue
$78.06 M44.52as on Dec 31, 2024
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Net Profit
$-12.29 M62.64as on Dec 31, 2024
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EBITDA
$-10.02 M62.07as on Dec 31, 2024
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Total Equity Funding
$54.96 M (USD)
in 9 rounds
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Latest Funding Round
$30 M (USD), Post-IPO
Feb 17, 2023
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Investors
NIH
& 19 more
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Employee Count
85
as on Dec 31, 2024
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IPO & Listings of Owlet
Owlet is a publicly listed company on the NYSE with ticker symbol OWLT in USA, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Owlet
Owlet offers a comprehensive portfolio of products and services, including Dream Sock, Dream Duo, and Dream Sight. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
FDA-cleared monitor tracks baby’s health and sleep.
Advanced monitor offers clear view of baby’s health.
Smart HD video monitor for baby safety tracking.
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Funding Insights of Owlet
Owlet has successfully raised a total of $54.96M across 9 strategic funding rounds. The most recent funding activity was a Post-IPO round of $30 million completed in February 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Post-IPO — $30.0M
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First Round
First Round
(22 Apr 2014)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Post-IPO - Owlet | Valuation |
investors |
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| Aug, 2019 | Amount | Series B - Owlet | Valuation |
investors |
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| May, 2018 | Amount | Series B - Owlet | Valuation | Trilogy Equity Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Owlet
Owlet has secured backing from 20 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include NIH, R/GA and Techstars. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage venture capital is invested in US technology sectors.
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Founded Year | Domain | Location | |
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Early-stage investments are made by Eclipse across multiple sectors.
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Founded Year | Domain | Location | |
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Women-led angel network focused on tech companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Owlet
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Owlet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Owlet Comparisons
Competitors of Owlet
Owlet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kiddo Health, Cubtale, Nara Baby, AngelEye Health and Evoz, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Connected care platform capturing health data of children health for professionals
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| domain | founded_year | HQ Location |
Baby activities are monitored using a device and mobile app.
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| domain | founded_year | HQ Location |
Baby routines are tracked via a dedicated mobile app.
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| domain | founded_year | HQ Location |
Provider of NICU cameras, communication, feed management, and education services for hospitals
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| domain | founded_year | HQ Location |
Connected baby monitoring solutions are developed for consumer use.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Owlet
Frequently Asked Questions about Owlet
When was Owlet founded?
Owlet was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Owlet located?
Owlet is headquartered in Lehi, United States. It is registered at Lehi, Utah, United States.
Who is the current CEO of Owlet?
Kurt Workman is the current CEO of Owlet. They have also founded this company.
Is Owlet a funded company?
Owlet is a funded company, having raised a total of $54.96M across 9 funding rounds to date. The company's 1st funding round was a Series B of $24M, raised on Apr 22, 2014.
How many employees does Owlet have?
As of Dec 31, 2024, the latest employee count at Owlet is 85.
What is the annual revenue of Owlet?
Annual revenue of Owlet is $78.06M as on Dec 31, 2024.
What does Owlet do?
Owlet is engaged in creating smart monitoring tools for babies, focusing on health, safety, and sleep tracking in real time. Solutions are provided through an ecosystem of connected nursery products, including the FDA-cleared Dream Sock, Dream Duo, and Dream Sight. The company operates in the healthcare sector, specializing in wearable health technology for infants. Personalized insights and real-time alerts are offered to support parents with actionable data on vitals, cry, motion, and room conditions.
Who are the top competitors of Owlet?
Owlet's top competitors include Nara Baby, Cubtale and AngelEye Health.
What products or services does Owlet offer?
Owlet offers Dream Sock, Dream Duo, and Dream Sight.
Is Owlet publicly traded?
Yes, Owlet is publicly traded on NYSE under the ticker symbol OWLT.
Who are Owlet's investors?
Owlet has 20 investors. Key investors include NIH, R/GA, Techstars, RTP Global, and Trilogy Equity Partners.
What is Owlet's ticker symbol?
The ticker symbol of Owlet is OWLT on NYSE.
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