Inventure (Finland)

Lasse Leppäkorpi was a national level triathlete in Finland, preparing for his best season – but he over-trained. During his lengthy recovery he wore a heart rate measuring belt which often proved to be rather uncomfortable. Later he went on studying biomedical engineering and experimented with the development of an office chair that would be able to measure blood pressure. Several projects followed thereafter, seeking to make the best use of technology for medical purposes in various areas.

Today Lasse Leppäkorpi is co-founder and CEO of Beddit, one of the most successful and fast-growing Finnish technology start-ups. The Beddit sleep tracker utilises cutting-edge technology to monitor sleep quality, heart rate and breathing without any disturbing wearable sensors. The tracker is an ultra-thin sensor placed under the bed sheet, which transmits a detailed sleep analysis wirelessly to the smartphone. The smart alarm monitors sleep patterns and awakens you when the optimum duration of sleep is achieved. A simple and intuitive scale from 0 to 100 indicates the overall SleepScore™, and the application also provides suggestions on how to sleep better the next day.

Beddit works with any smartphone and in combination with some other applications it also allows you to combine sleep data with daytime information on health, fitness and well-being. Beddit’s data accuracy and patented sleep tracking methodology have been clinically validated and published in peer-reviewed scientific articles. After less than 3 years on the market, Beddit significantly surpassed its sales expectations towards the end of 2015.

“These guys are unbeatable in technology and innovation. Beddit made something very complex affordable for average people like you and me” said Ilkka Kivimäki, partner at Inventure, the early-stage venture capital fund that invested in Beddit with EIF’s backing. Beddit currently employs a team of 19 enthusiastic developers, scientists, marketers and designers in two offices, located in Helsinki (Finland) and the Silicon Valley (United States).

Company: Beddit  (Finland)
Type of business: Technology, sleep tracker and mobile app
EU-supported investment through Inventure

For further information about EIF intermediaries in Finland, please refer to:
http://www.eif.org/what_we_do/where/fi