Hong Kong – Good Parents Inc., a one-year-old startup focused on children’s health and wellness, today announced a $2 million seed investment round. The latest seed round was led by senior partners at Jungle Ventures with participation from Fireside Ventures, Bio Sensors International, Gaja Ventures and several marquee angel investors across Asia and the U.S.
Good Parents is on a mission to improve child development and growth metrics by creating a new ecosystem that engages parents, health insurance companies, corporate benefit programs and schools. Its first product line is the Kiddo, the world’s first health and wellness wearable for children aged 4-10 years. The Kiddo tracks key biometrics for children and provides real time health, wellbeing, stress and development insights to a mobile app.
“We’re building a tool that will make it easy for parents to understand their children’s health and ensure they never miss important issues. We’re working hard to create that ecosystem and this capital helps get us there faster,” said Jaganath Swamy, CEO and co-founder of Good Parents.
The financing will be used to fund the company’s continued expansion and further investment into developing the Kiddo. The company has partnered with Samsung and key advisers at the Foods for Health Institute based at University of California Davis for enhancing product capability, validation and functionality.
Good Parents has 10 employees across two offices in San Francisco and Hong Kong. The company was co-founded in late 2015 by a successful team of experienced entrepreneurs and ex-professionals in the wearable technology space. Prior to Good Parents, Chief of Product Jean Rintoul was one of the early employees at Basis, where she worked on algorithms and hardware for the Basis B1 and co-authored several patents. The CTO, Bo Vargas was the founding CTO of Quanttus, a blood pressure tracking company that came out of MIT and was invested in by Khosla Ventures and Matrix Partners. Jaganath Swamy is a serial entrepreneur having done two startups and was previously an investor with HarbourVest and at Northgate Capital.
Kiddo is slated to go live on Kickstarter in January 2017 following its launch at CES 2017. The company is currently targeting a beta run with over 400 users across key cities in the US in December 2016.