US-based childcare technology developer Nanit has secured $25m in a series C round from investors including GV, an investment subsidiary of internet technology group Alphabet, TechCrunch reported on Monday.
Jerusalem Venture Partners (JVP), Rho Capital Partners, RRE Ventures and Upfront Ventures filled out the round, which took the company’s overall funding to $75m.
Founded in 2016, Nanit provides artificial intelligence-enhanced baby monitoring devices including Nanit Pro Camera, an overhead webcam for remote viewing; Breathing Wear, an outfit that measures breathing patterns; and Smart Sheets, which keep track of the body measurement data.
JVP, Rho Capital Partners, RRE Ventures and Upfront Ventures co-led a $21m round for the company in May 2020 that came two years after a $14m series B round led by JVP and backed by RRE Ventures, Upfront Ventures, Vaal Investment Partners and Vulcan Capital.
Nanit had raised $6.6m in a 2016 series A round led by Upfront Ventures that included contract electronics manufacturer Flex, 645 Ventures, AME Cloud Venutres, Jacobs Technion-Cornell Institute and RRE Ventures.
GV partner Frederique Dame has joined Nanit’s board of directors in connection with the series C round. She said: “I look forward to supporting Nanit as they continue to modernise the new parent experience and safely connect families to children’s health and each other through meaningful data and insights.”
