iBeat, the startup behind a “life-saving, heart-monitoring smartwatch,” announced today that it scored a $1.5 million seed investment.
Led by Maveron and Subtraction Capital, iBeat’s latest round aims to hire new talent and expand its operations.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":2020141,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,","session":"D"}']iBeat also plans to use the capital to commercialize the startup’s first product, a wearable that closely monitors the user’s heartbeat and alerts emergency responders in case it detects a life-threatening situation.
“Our vision is to lower this number [of fatal cardiac arrests] by bringing to market a beautiful and sleek smartwatch that will quicken the delivery of care and help save lives,” explained iBeat founder and CEO Ryan Howard.
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This oversubscribed seed round was also backed by Correlation Ventures, Ammunition Group, and angel investors such as Denver Broncos football player Russell Okung and KKR founding partner Henry Kravis.
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