Kokoon Technology secures £540,000 investment from Blackfinch Ventures

Blackfinch Ventures invest in Kokoon Technology developers of the world’s first sleep aiding headphones

Kokoon (Kokoon.io) provides a personalised sleep journey, giving the wearer access to a bespoke intelligent audio library within its sensor enabled headphones and connected app Blackfinch Ventures invests £541,304 into innovate start-up Kokoon. The London based company has
developed the world’s first sleep aiding headphones, allowing customers to take control of their sleep. Kokoon has developed noise cancelling headphones that include bio-sensors, measuring when the wearer falls asleep.

The product is specifically designed to help the customer sleep using its relaxing audio and soundscapes. The connected app, Kokoon Relax, monitors and tracks the users’ sleep journey, providing suggested audio that is specifically designed to protect the user from disturbances throughout the night.

CEO and Founder at Blackfinch Richard Cook, said: “Kokoon has demonstrated incredible traction in this fast-growing sector and we are excited to be part of its journey.”

Kokoon’s product has already launched and has sold well with an impressive £4.5m of sales with over 15,000 products shipped to date. Kokoon will use the investment from Blackfinch to drive marketing and sales of its over-ear headphones, including distribution through key high-street retailers, including Selfridges and John Lewis. It will also use the funds to develop a new in-ear model which it will offer a lower price.

Chief Executive Officer at Kokoon, Tim Antos, said: “We’re delighted to have Blackfinch joining as an investor as we start to scale our business globally, bringing relaxation and sleep to the world.”

Kokoon adapts to you and your environment; quietening as you fall asleep and learning what helps you rest and relax. The soothing audio used has been developed with sleep scientists and data collected demonstrates that personalising content helps customers fall asleep over 35% quicker and sustains long term improvements in sleep and mental health.

Blackfinch Ventures provides investment to innovative technology start-ups. The team applies its extensive experience and broad network of relationships to deliver end-to-end support for companies, throughout the investment process and beyond. It works with founders over the long term, developing businesses that can transform some of the biggest markets in the world.

Dr Reuben Wilcock, Ventures Director at Blackfinch Ventures, said: “Kokoon has achieved great success so far. We look forward to seeing our investment help take the company to the next level.”

Blackfinch Ventures is a specialist in Enterprise Investment Schemes, recognised for structured risk mitigation, robust processes and adaptation to legislative change. Blackfinch Ventures continues to enable investment in fast-growing UK companies and is looking to expand its portfolio and invest in further firms.

ENDS

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About Blackfinch Investments

Blackfinch is an award-winning investment specialist and trusted provider working in partnership with advisers. With a heritage dating back 25 years, Blackfinch brings significant experience. Its businesses cover tax-efficient solutions, early stage investing, managed portfolio services and property financing. Blackfinch is entrusted with over £300 million in assets under management and administration.

About Blackfinch Ventures

Blackfinch Ventures invests in innovation. It targets high-growth opportunities, supporting start-ups and early stage businesses with technological potential. The focus is on disruptive businesses, offering products that address real world needs, with the capability to make an impact in global markets.

About Kokoon

A sleep technology company offering headphones that monitor a user’s sleep state using bio-sensors, alongside an app aiding sleep and relaxation through guided audio content developed by sleep scientists.

Manoj Ranaweera

Manoj has founded, failed and successfully exited from a number of technology product companies as well as support organisations since 2004. Among them, Northern Tech Awards and edocr.com were acquired by GP Bullhound and Accusoft, Inc respectively. Today, Manoj is building a trusted support network for technology companies. He is working with founding teams to help them accelerate including raising investment and M&A.