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Sensate Raises $3.2M Seed Round to Reduce the Effects of Stress and Expand Access to Wellness
SAN MARCOS, Calif., March 16, 2023-- Sensate, a wellness technology company that created a patented relaxation device+app turning the tide on stress, announced today that it closed $3.2M in a seed funding round in February, led by Incisive Ventures.
Co-investors in the round include Share Ventures, Geek Ventures, Dangerous Ventures, Unlock Venture Partners, What If Ventures, Moai Capital and 37 Angels.
Sensate’s hardware and subscription app innovation uses patented technology designed to activate the body's natural ability to self-regulate. An incredibly easy, fast, and accessible way to relieve stress, the device was developed by physicians and tested in clinics. Using 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, the leading retail investment platform for Regulation Crowdfunding. Through Wefunder, the company offered over 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.
“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,” said Anna Gudmundson, Co-Founder and CEO of Sensate.
Gudmundson’s Co-founder is Sensate innovator and integrated medicine physician, Stefan Chmelik. Chmelik has decades of clinical experience specializing in complex stress and health issues. 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 product, brand and business strategy.
“We’ve been looking for a team and platform focused on the opportunity to explore vagus nerve toning,” stated Hamet Watt, Founder and Managing Partner at Share Ventures, a Los Angeles-based venture foundry and fund. “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."
Geek Ventures, an NYC-based VC that invests in immigrant founders building exciting scalable tech, also invested in the round. Ihar Mahaniok, Managing Partner at Geek, added,
“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.”
Sensate’s breakthrough technology has been dubbed ‘a genius device’ by Forbes and was honored as a TIME Magazine Best Invention of 2022. Sensate exceeded its 2022 growth targets, with a $10.2M revenue run rate as of December 2022. Sensate is poised to combat the global stress crisis, revolutionizing the exponentially growing $4.2T wellness market.
Companies or Investor Relations firms interested in learning more about Sensate and its mission can visit https://www.getsensate.com/.
Sensate, Inc. is a wellness technology company with a mission to bring stress resilience and well-being to people from all walks of life. Using powerful methods and groundbreaking technology, the company offers patented stress-regulation hardware and software applications for the consumer market. Sensate is a direct-to-consumer business selling globally, with operations in the US and UK. Sensate can be found on http://www.getsensate.com as well as in world-class retailers, including Harrods, Selfridges, Amazon, and has been featured in TIME, Forbes, Vogue, Buzzfeed, BBC Click, Mashable, CNBC and many more.