Osborne Clarke has advised Redstone on its investment in the pre-seed financing round in health tech start-up eaze.
The Berlin-based start-up has developed a coaching app that offers personalised sleep coaching based on cognitive behavioural therapy. The app aims to eliminate the causes of sleep problems by offering its users data-based treatment recommendations and online coaching from trained sleep psychologists. Used correctly, users can learn techniques to improve their sleep in ten minutes a day.
After the product validation last year, the team around the three founders Tim Seifferth (CEO), Timur Nohut (COO) and Noah Nawara (CPO) has already gained over 1,000 paying users. Now the company announces the closing of a EUR 1.7 million pre-seed round.
The round is led by Redstone's Social Impact Fund and EnjoyVenture. Barmenia Next Strategies, APX and business angels Philipp Man (Chronext co-founder) and Anton Rummel (Moss co-founder) are also participating.
“The founding team of eaze has managed to address customer demand for personalised coaching by developing a smart app, while the smart tech stack behind it provides impressive scalability,” said Lucas Paul, Investment Director at Redstone. “Through our Social Impact fund, we invest in solutions that can improve human well-being and thereby advance our society. We believe eaze has the potential to make long-term, sustainable improvements to the daily lives and mental and physical health of countless participants.”
The Osborne Clarke team advising Redstone, led by Maximilian Vocke, consisted of Joanna Chudzinski, Robert Marx, Dana Alpar (all Corporate / Venture Capital), Dr Lina Böcker, Julia Kaufmann, Dr Florian Eisenmenger, Kerstin Grimhardt, Maximilian Bodamer (all IT), Robert Briske, Philip Funke (both IP) and Kamissa Kruse (Employment).