Meditation device manufacturer Core has attracted $4m from seed investors including Stanford-StartX Fund as it ramps up towards the full release of its product.
US-based meditation and wellness monitoring device creator Core obtained $4m yesterday in a seed round backed by Stanford-StartX Fund, the VC vehicle backed by Stanford University.
The round was led by VC firm Spero Ventures and also featured seed-stage investment vehicles Bolt and Corigin Ventures.
Founded in 2016, Core has created a handheld electrocardiogram-powered device for meditation practice that helps the user maintain a steady focus on the breath.
Core recently sold out stock of its device allocated for beta testing and expects to distribute another tranche of the products at a $169 price point later this year. The capital will help it ramp up production for the commercial launch while also funding recruitment in engineering, marketing and product.
Core’s earlier investors include audio equipment producer Bose and seed-stage VC firm V1.vc, according to its website.
Shripriya Mahesh, founding partner at Spero Ventures, said: “Today’s…
