Best Buy Capital, the corporate venturing unit of US electrical goods retailer Best Buy, has joined a $12.3m third round for Zeo, a developer of in-home sleep tracking technology formerly known as Axon Labs.
Zeo’s regulatory filing said it planned a $15.4m round, while the company said as well as Best Buy Capital its investors included iD Ventures America, a fund formed by Taiwan-based Acer; Johnson & Johnson Development Corporation, the corporate venturing unit of medical device maker; and venture capital firm Trident Capital.
Zeo previously raised $8.3m in January 2009.