What is Bryte?
Founded in 2016 by Silicon Valley veterans John Tompane, Ely Tsern, and Jonathan Farringdon, Bryte operates as a leading restorative sleep technology platform driven by artificial intelligence. The company offers a comprehensive turn-key solution encompassing hardware, software, and services, which is available for licensing to select mattress manufacturing partners. Bryte's innovative Restorative Bed is accessible to consumers directly through Bryte.com, as well as through partnerships with hotels and resorts, aiming to revolutionize the sleep experience.
How much funding has Bryte raised?
Bryte has raised a total of $44.1M across 3 funding rounds:
Debt
$150K
Series A
$24M
Other Financing Round
$20M
Debt (2020): $150K with participation from PPP
Series A (2021): $24M led by ARCHina Capital Partners
Other Financing Round (2022): $20M supported by Evolution VC Partners, 10x Group, ARCHina Capital Management, and Tempur Sealy
Key Investors in Bryte
Evolution VC Partners
Evolution VC Partners invests in and supports extraordinary businesses across various stages, focusing on companies that shape contemporary culture and future trends. Their portfolio spans multiple sectors, including advanced materials, artificial intelligence, consumer health, and fintech. The firm aims to partner with revolutionary companies that are poised to make significant impacts in their respective industries.
10x Group
10x Group is a venture capital firm that invests in founders across Europe and Silicon Valley, focusing on growth and late-stage companies directly, and early-stage through their fund, 10x Founders. They specialize in profitable software companies and have a diverse portfolio that includes digital banking, online payment services, and advanced UAV technologies.
ARCHina Capital Management
ARCHina Capital is a venture capital firm that funds entrepreneurs aspiring to build next generation companies with global potential.
What's next for Bryte?
The recent major strategic investment in Bryte signals a pivotal moment for the company, likely indicating a move towards scaling operations and expanding market reach. This capital infusion, following previous funding rounds including a Series A, suggests Bryte is poised for significant growth. The company's focus on AI and restorative sleep technology positions it well within the burgeoning health-tech and wellness industries. Future developments may include broader licensing agreements, enhanced AI capabilities for personalized sleep solutions, and increased consumer and hospitality sector penetration.
See full Bryte company page
