About Somnea
Somnea is a company based in Chicago (United States) founded in 2022 by James Waring and Amber Carmen Arroyo.. Somnea has raised $20 thousand across 1 funding round from investors including Techstars. Somnea offers products and services including Sleep Care Platform and Virtual Care Program. Somnea operates in a competitive market with competitors including Ognomy, GEM Health, Wesper, BetterNight and sovaSage, among others.
- Headquarter Chicago, United States
- Founders James Waring, Amber Carmen Arroyo
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Somnea Health Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20 K (USD)
in 1 rounds
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Latest Funding Round
$20 K (USD), Seed
Mar 13, 2023
- Investors
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Employee Count
Employee Count
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Products & Services of Somnea
Somnea offers a comprehensive portfolio of products and services, including Sleep Care Platform and Virtual Care Program. 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.
Platform for managing sleep disorders with human and tech support.
Program that drives therapy engagement and outcomes for sleep issues.
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Advisor Team
2 people
Software Development Team
1 people
Leadership Team
1 people
Co Team
1 people
Care Team
1 people
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Funding Insights of Somnea
Somnea has successfully raised a total of $20K through 1 strategic funding round. The most recent funding activity was a Seed round of $20 thousand completed in March 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 1
- Last Round Seed — $20,000
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First Round
First Round
(13 Mar 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2023 | Amount | Seed - Somnea | Valuation |
investors |
| 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 Somnea
Somnea has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include 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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Startups are accelerated globally without sector restrictions through structured programs.
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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 Somnea
| 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 - Somnea
| 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 |
Somnea Comparisons
Competitors of Somnea
Somnea 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 Ognomy, GEM Health, Wesper, BetterNight and sovaSage, 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 |
Online platform offering video consultation services for sleep apnea management
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| domain | founded_year | HQ Location |
Digital tools and support for sleep apnea treatment are provided.
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| domain | founded_year | HQ Location |
Wearable patch for sleep tracking and monitoring is provided.
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| domain | founded_year | HQ Location |
Sleep improvement app and assessments are offered by BetterNight.
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| domain | founded_year | HQ Location |
Digital sleep assessment device for healthcare providers
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Somnea
When was Somnea founded?
Somnea was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Somnea located?
Somnea is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Somnea?
James Waring is the current CEO of Somnea. They have also founded this company.
Is Somnea a funded company?
Somnea is a funded company, having raised a total of $20K across 1 funding round to date. The company's 1st funding round was a Seed of $20K, raised on Mar 13, 2023.
What does Somnea do?
Somnea was founded in 2022 in Chicago, United States, focusing on the healthcare sector for sleep disorders. Personalized treatment management is offered through sleep care managers who monitor patients proactively. One-on-one coaching, tailored information, and evidence-based interventions are provided to assist individuals facing chronic sleep issues. Operations emphasize ongoing support to improve patient outcomes in this specialized field.
Who are the top competitors of Somnea?
Somnea's top competitors include Ognomy, GEM Health and Wesper.
What products or services does Somnea offer?
Somnea offers Sleep Care Platform and Virtual Care Program.
Who are Somnea's investors?
Somnea has 1 investor. Key investors include Techstars.