SNOOZ, an EnterpriseWorks graduate, raised $1.35 million in a seed round led by Serra Ventures.
Founded in 2015 by Matthew Snyder and Eli Lazar, SNOOZ has developed a white noise machine designed to improve sleep. The product is designed for both the hospitality industry and at-home use. Lazar is an alumus of the University of Illinois, where he studied Mechanical Science and Engineering.
“As sleep has emerged as a key focus of the health and wellness space, we think we’re in a perfect position to help improve the bedroom environment for millions around the world. To that end, we’re thrilled to have the support and investment of Serra to help us accelerate our roadmap and continue spreading the good SNOOZ,” CEO and Co-founder Matthew Snyder said.
Serra Ventures, located in downtown Champaign, is a venture capital firm that invests in technology companies and works alongside entrepreneurs to develop strategic business development plans. Several of its partners are Entrepreneurs-in-Residence at EnterpriseWorks.
Read the original press release here.