Funding Details
- Awarder
- PlugAndPlayTechCenter
- Date Award
- May 15, 2024
- Funding URL
- View Funding Page
Company Info
- Company Description
- key milestones
01 | team works
secured talent + funding to develop sofi, coded, built and distributed apps, hardware and formulations all over the world in the most challenging market for hardware supply chains in decades
02 | product works
ran multiple real-world trials with over 1k Pioneers (users) across 14 territories (including UK and US)
03 | science works
evidenced significant group-level improvement in sleeplessness (quality + duration)
confirmed an effect with >95% certainty in ≈51% of Pioneers within 30 days of the first pilot program
generated 2.1x average sleep quality improvement for our Pioneers who responded to valerian + passiflora
observed responses to plants are deeply individual, validating the personalised approach
04 | partners work
partnered with Reckitt (FTSE 100 global FMCG leader) + Firmenich (the world's largest fragrance and flavour house used by 4bn consumers every day) to validate the market and complete our formulations; both are investors
05 | market validated
completed consumer analysis with over 10k US consumers by Reckitt, who believe sofi is an industry disruptor addressing a significant consumer gap between "wellness" and "pharma"; a market of +43m in the US alone tested + secured 10k sign ups for sofi, selecting 1k to become pioneers
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