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Smart Bed Developer Keeson Wins RMB 200 Mln Strategic Funding

iYiou, 2/01/18

Zhejiang-based smart bed developer Linsheng Technology (Keeson) recently announced completion of RMB 200 mln in strategic funding from Red Star Macalline Group (1528.HK), Shenzhen-based Share Capital Partners, home furnishings maker Oppein, and Beijing-based Easyhome Investment Holding Group.

Established in 2005, Keeson makes adjustable electric beds. It combines smart healthcare and sleep technologies with big data applications to design, develop, and produce multi-function adjustable beds and memory foam mattresses.

The company's Mio smart beds can collect and analyze basic sleep quality data such as heart rate and breathing measurements, and can also adjust in real time in response to user sleep irregularities. For example, if the user begins snoring, the bed can automatically adjust the height of the upper part of the bed to interrupt the user's behavior. If the user's health indicators demonstrate serious irregularities, the bed can automatically notify a family member based on pre-configured contact settings.

Keeson currently operates five wholly-owned brands including Softide, Ergomotion, South Bay, Dsuperieur, and Relax. Most products are sold to users in the United States, Europe, and Australia. Huang Xiaowei, CEO of Keeson, said that the company is currently preparing to file for a China A-shares market listing.

Keywords: smart furniture Oppein Easyhome VC M&A Linsheng Keeson Huang Xiaowei hardware funding Share Capital Red Star Macalline 1528.HK


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