Home / Knowledge / News / Apparel/Garments / OMsignal raises $10mn Series A investment from BVP
OMsignal raises $10mn Series A investment from BVP
26
Jun '14
OMsignal, the leader in smart clothing technology and maker of the first-ever collection of Biometric Smartwear, announced it has raised a $10 million Series A investment led by Bessemer Venture Partners (BVP). 
 
Also participating in this round are existing investors including Real Ventures, Mistral Venture Partners, Golden Venture Partners, David Cohen (managing partner, Techstars), Flextronics (FLEX) and Primera Capital. Rob Stavis, partner of BVP, and Ori Sasson, partner of Primera Capital, are also joining the company's board of directors.
 
OMsignal was founded in 2011 by Frédéric Chanay and Stéphane Marceau on the vision that clothing is the ultimate wearable medium, the only wearable we have been wearing our entire life and that smart clothing will help people be healthier, fitter and happier.
 
"Smart clothing will become a pervasive and normal aspect of consumers' lives," said Stéphane Marceau co-founder and CEO of OMsignal. 
 
"Following the recent launch of our Biometric Smartwear collection, we are continuing to receive orders from all over the world, developing new designs and working with top partners to bring our technology to an even wider consumer base. This new funding as well as BVP's track record in taking disruptive technologies to the masses will further help OMsignal in achieving its company intent at scale and to continue to drive the next evolution of wearable technology."
 
"Smart apparel is the next frontier of the wearable revolution and OMsignal's technology is breaking new ground with a full software stack that provides users with highly accurate and valuable data insights for fitness and daily health," said Rob Stavis, partner at Bessemer Venture Partners. "OMsignal has the component technologies to become a standard technology for data extraction in the apparel industry and we are excited to work with Stéphane and the OMsignal team as they change the way we think about clothes."
 
OMsignal's team is comprised of scientists, software and hardware engineers, fashion designers, intelligent textile specialists, product and UX experts, and has developed a pioneering platform in bio-sensing clothing. The first collection of Biometric Smartwear included four shirts that track your performance, health and fitness via health sensors embedded into the fabric. These sensors are connected to a small electronic module on the shirt and send your activity, physiological stress and fitness levels to the OMsignal mobile app in real-time, giving you total insight into the health.
 

OMsignal

Must ReadView All

Textiles | On 22nd May 2017

GST to be biggest achievement of Modi govt: ASSOCHAM

Goods and Services Tax (GST) which is near a roll-out would be the...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

The US must remain a participant in a vibrant North American Free...

Apparel/Garments | On 22nd May 2017

Retailers ask Congress not to go for consumption tax

The National Retail Federation has asked US Congress to focus on...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search