Cambridge, USA-based provider of a mobile application with gamification and social elements that helps users improve their sleeping habits across the world, Sleepagotchi raised USD 3.5 million in recent funding. The seed round took place on January 17, 2023. 6th Man Ventures, Collab+Currency, Shima Capital, 1kx, DeFi Alliance, Sfermion, Emoote, and LCA Game Guild joined in the funding. Meanwhile, notable angels such as Cem Kansu (VP of Product at Duolingo), Santiago R Santos, and Justin Melillo (Founder of Mona) participated in the seed round.

As a part of the deal, Serge Kassardjian, General Partner at 6th Man Ventures and CEO of Staytuned, intends to join the Board of Sleepagotchi as a Director. Besides, Derek Schloss, Managing Partner at Collab+Currency, will join as an Observer.

Purpose of financing for Sleepagotchi

With the latest financing, the company intends to use the funds for effective product development.

Meanwhile, it seeks to invest in initial scaling.

What the company’s official has to say

Anton Kraminkin, the co-founder of Sleepagotchi, said, “What initially started as a side project to gamify sleep quickly found an active community in Japan and around the world. Users reported improved sleep discipline and hygiene thanks to the gamification mechanics of Sleepagotchi, which convinced us to build out the product further and distribute it to a wider audience.”

What the investors have to add

Serge Kassardjian, General Partner at 6th Man Ventures, further added, “Sleepagotchi sits at the intersection of gamification, incentivized health behaviour, and community building. Through a unique framework of utilizing collectibles to encourage good sleep behaviour, the company will change how people interact with their health and fitness goals and collaborate and compete in gamification for good.”

In addition, Derek Schloss, Managing Partner at Collab+Currency, said, “Sleepagotchi uniquely innovates on the design space of previous health gamification apps. Armed with a high-fidelity mobile app, a novel digital collectable experience, and a fast-growing global community, Sleepagotchi has the potential to improve the sleep schedule for tens of millions around the world.”

About Sleepagotchi 

Anton Kraminkin and Alex Karatkou launched the company in 2022. Headquartered in Massachusetts, USA, the Sleepagotchi app gamifies sleep schedules with digital collectibles and other gamification features. The company gained popularity in Asia during the closed Alpha testing in mid-2022. The recognition in Asia helped it to build an active and passionate user base in Japan, Taiwan, as well as South Korea.

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Jasleen Bhatia works as a content writer for VCBay News. She is pursuing her final semester in Bachelor of Business Administration from IIPS, DAVV. Driven by her keen interest in entrepreneurship and finance, she writes business-related articles.

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