Sensate – a wellness technology company that created a relaxation device+app turning the tide on stress – announced that it closed $3.2 million in a seed round of funding in February led by Incisive Ventures. And co-investors in the round include Share Ventures, Geek Ventures, Dangerous Ventures, Unlock Venture Partners, Moai Capital, and 37 Angels.
The company’s hardware and subscription app innovation uses patented technology designed to activate the body’s natural ability to self-regulate. Known as being an incredibly easy, fast, and accessible way to relieve stress, the device was developed by physicians and tested in clinics. Utilizing infrasonic therapy to help the body’s nervous system recover from daily stresses, Sensate’s intelligent touch therapy is entirely effort-free for the user.
A portion of the seed round was raised via Wefunder, which is the leading retail investment platform for Regulation Crowdfunding. And through Wefunder, the company offered more than 900 customers, early supporters, and friends, including Hollywood celebrities, the chance to become shareholders in Sensate alongside institutional investors in a seed round via an SPV.
Sensate was founded by CEO Anna Gudmundson and Stefan Chmelik. Chmelik has decades of clinical experience specializing in complex stress and health issues. And Gudmundson herself has over 15 years of experience in exponential technologies and as in previous roles like turnaround CEO, she effectively optimizes and delivers company products, brand, and business strategies.
KEY QUOTES:
“Millions of people are seeking an easy way to feel less stressed and anxious and we’ve seen increasing demand for our product. In the second half of 2022, we grew almost 300% and this round will allow us to scale and serve even more people.”
- Anna Gudmundson, Co-Founder and CEO of Sensate
“We’ve been looking for a team and platform focused on the opportunity to explore vagus nerve toning. We’re excited to have found that in Sensate, and are thrilled to support their innovative wellness technology, which has the potential to revolutionize the way people manage stress and anxiety. Sensate’s management and team both bring unique expertise to this field, and we look forward to partnering with them on their mission to promote mental wellness.”
- Hamet Watt, Founder and Managing Partner at Share Ventures, a Los Angeles-based venture foundry and fund
“I’ve seen firsthand the transformative power of Sensate’s device, and it’s clear that I’m not the only one. The love and loyalty from their users are a testament to the incredible impact they are having on people’s lives. With such a talented team at the helm, I have no doubt that Sensate will continue to innovate and build solutions that make a real difference in the world, and I am glad we can support them in their quest.”
- Ihar Mahaniok, Managing Partner at Geek Ventures
