Hugsy snags $220k to bring its smart baby blanket to market
Jun 20, 2017 8:59:02 AM. By: High Tech Campus
Hugsy, a High Tech Campus Eindhoven based startup that’s developing a ‘smart’ blanket designed to help the care of newborns and premature babies, has raised €200k (~$220k) in seed funding via the Leapfunder European angel investor network.
The blanket started out as a student project nearly two years ago, when CEO and co-founder Sylvie Claes was studying for her MSc in industrial design at the Eindhoven University of Technology.
“The idea came from a collaboration between the local hospital NICU Maxima Medical Center (MMC) in Veldhoven and the Eindhoven university of technology as MMC was looking for ways to improve patient comfort, and asked the team of industrial designers if they could design something to support those vulnerable babies,” explains COO Jody van den Tillaart.
This March the team incorporated as a business, after going through the hardware-focused HighTechXL accelerator program in Eindhoven.
Development on the product has mostly been self-funded thus far. Prior to the seed they’d taken in €15k via the accelerator.