OMsignal Raises $10 Million Series A Round From Bessemer Venture Partners

Posted by Techvibes NewsDesk

Montreal's OMsignal announced today that 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. OM Signal raised $1 million from from Real Ventures, Golden Venture Partners, and David Cohen one year ago.

OMsignal was founded in 2011 by Frederic Chanay and Stephane 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 Stephane Marceau co-founder and CEO of OMsignal.

RELATED: OMsignal Introduces Clothing that Tracks your Performance, Health and Fitness

"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."

Rob Stavis, partner of BVP, and Ori Sasson, partner of Primera Capital, are also joining the company's board of directors.

Company:
OM Signal
Website:
http://www.omsignal.com
Location:
Montréal, Québec, Canada

OM signal is developing a revolutionary line of bio-sensing clothes, which connect seamlessly to iPhones and iPads. The company is at the intersection of the mobile/wearable tech, well-being and fashion markets. It is building a branded suite of products powering a new breed of bio-aware lifestyle applications on smartphones. more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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