Smart clothing provider OMsignal secures $10 mln in Series A round
OMsignal Inc has secured $10 million in a Series A financing round led by U.S. venture capital firm Bessemer Venture Partners. Bessemer was joined in the deal by existing investors, including Real Ventures, Mistral Venture Partners, Golden Venture Partners, Techstars' managing partner David Cohen, Flextronics and Primera Capital. Founded in 2011, the Montréal-based OMsignal is a provider of smart clothing technology and the maker of Biometric Smartwear, clothing that includes sensors to track fitness, health and performance. The company will use the new funds to achieve greater scale and take wearable technology to a wider consumer base.
24 June 2014•3 mins read
