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Exit

Closed Date12/2012
Closed URLtechcrunch.com/20...

General Information

Offices

Newton, USA
320 Nevada Street
Floor 4
Newton, MA, 02460
USA

Funding

TOTAL $20.6M
FUNDING TOTAL $20.6M
Series C, 12/2009
Trident Capital
iD Ventures America
$8.3M
Series C, 1/2011
Best Buy Capital
iD Ventures America
Johnson & Johnson Development Corporation
Trident Capital
$12.3M
DEBT TOTAL $6.5M
Debt, 12/2009
$2.5M
Debt, 8/2010
$1M
Debt, 11/2011
$1M
Debt, 5/2012
$2M

Tags

Zeo Closed down on December, 2012

Zeo

Zeo was a manufacturer of a sleep monitor in the form of a headband, that contained an EEG unit monitoring the user’s brain waves.

The sleep monitor was able to detect and record sleep stages, and awake at the optimal time, in light sleep.

Using analytics, users were provided with recommendations based on each individual’s sleeping patterns.

Zeo has stopped operating in December 2012, and Q2 2013, it quietly shut down. According to founder Dave Dickinson, problems included the business model, with a “suboptimal profit margin”, invasiveness of the headband device for some user, and friction caused by the user having to log into the website to enter additional data. Moreover, the sleep data was not necessarily suitable for a small mobile screen.

Recent Milestones

  • Check
    Zeo — Shutting down rumors confirmed. In 2013, Zeo began selling off its assets. (3/12/13)
    Posted 3/13/13 at 11:56pm via mobihealthnews.com
  • Check
    Closed. (12/1/12)
    Posted
  • Dollar
    Zeo received $2M in Debt funding. (5/3/12)
    Posted 5/3/12 at 8:03pm via masshightech.com
  • Dollar
    Zeo received $1M in Debt funding. (11/8/11)
    Posted 11/8/11 at 8:48pm via masshightech.com
  • Dollar
    Zeo received $12.3M in Series C funding. (1/6/11)
    Posted 1/6/11 at 10:55am via finsmes.com
  • Dollar
    Zeo received $1M in Debt funding. (8/6/10)
    Posted 1/2/14 at 2:44am via sec.gov
  • Dollar
    Zeo received $2.5M in Debt funding. (12/15/09)
    Posted 12/15/09 at 3:36pm via sec.gov
  • Dollar
    Zeo received $8.3M in Series C funding. (12/15/09)
    Posted 12/15/09 at 3:38pm via xconomy.com
  • Check
    Zeo added Ti Chang as Design Consultant. (9/1/08)
    Posted 9/23/13 at 3:55am
  • Check
    Zeo added Jason Donahue as Co-Founder, VP Brand Management.
    Posted 12/15/09 at 3:43pm
  • Check
    Zeo added Dave Dickinson as President, CEO.
    Posted 12/15/09 at 3:43pm
  • Check
    Zeo added Eric Shashoua as Co-Founder, VP Business Development.
    Posted 12/15/09 at 3:43pm
  • Check
    Zeo added John Shambroom as VP Scientific Affairs.
    Posted 12/15/09 at 3:43pm
  • Check
    Zeo added Colin Angle as Director.
    Posted 12/15/09 at 3:43pm
  • Check
    Zeo added Ronald Chwang as Director.
    Posted 12/15/09 at 3:43pm
  • Check
    Zeo added Sherwin Greenblatt as Director.
    Posted 12/15/09 at 3:43pm

Videos

Screenshots

Sources

  1. SEC D (sec.gov) [edit]
  2. Xconomy Boston (xconomy.com) [edit]
  3. SEC (sec.gov) [edit]
  4. Zeo Receives $12.3M Third Financing (finsmes.com) [edit]
  5. Zeo adds $1M to grow sleep management device business (masshightech.com) [edit]
  6. Zeo increases offering, raises additional $2M (masshightech.com) [edit]
  7. Exclusive: Sleep coach company Zeo is shutting down (mobihealthnews.com) [edit]
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Last Edited 1/2/14

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