FOR IMMEDIATE RELEASE: 02/1/2023
Sleep Easy Technology Inc.
Sleep Easy Technology Inc. Chosen for Newchip’s Seed-Stage Global Accelerator Program
We believe in empowering Oxygen-Dependent patients to regain freedom and quality of life among top applicants selected for Newchip’s exclusive accelerator
South Bend, Indiana, 02/20/2023 --Sleep Easy Technology Inc., Improving the quality of life for supplemental oxygen users through comfortable oxygen delivery, was accepted into Newchip’s renowned global accelerator program. Designed to provide all the skills and tools seed-stage founders need to rapidly fund, build and scale their companies, past accelerator cohorts averaged more than 17.5 times the average funding amount. The equity-free, fully digital accelerator has helped over 2,500 founders from more than 50 countries and 250 cities raise over $2.2 billion in funding with an estimated portfolio of over $9 billion.
“Newchip evaluates a vast and diverse number of seed-stage companies from around the globe, selecting only a small percentage to be part of our Seed Accelerator program,” says Brian Lee, Head of Product at Newchip. “This careful vetting process of both the business model and founder makes us an ideal partner for venture capital investors and other key stakeholders in early-stage startup financings who are looking for promising startups that are beginning to generate traction and revenue. Medical equipment companies like Sleep Easy Technology Inc. can scale quickly with proper funding and guidance. We are excited for Sleep Easy Technology Inc. and believe they will be well positioned to take advantage of our fast-expanding global ecosystem at Newchip.”
Launched on 7/01/2022, Sleep Easy Technology Inc. is on a mission to Improving the quality of life for supplemental oxygen users through comfortable oxygen delivery. Since launching the company has completed testing required by the FDA to market and sell our patent pending Oxyllow System.
“Being part of the Newchip Accelerator, we are looking forward to being able to connect with investors from the Newchip ecosystem," says Anthony Esplin, CEO. Sleep Easy Technology has the strategy and expertise to bring this product to market. We are looking to New Chip and their network to accelerate the process. The company is looking to fuel higher compliance and a more restful nights sleep for patients.
About Sleep Easy Technology Inc.
Sleep Easy Technology is a medical device startup that strives to empower oxygen-dependent patients to regain freedom and quality of life. Founded in 2022, the company offers the Oxyllow System, a touchless oxygen delivery system that attaches to any pillow. The Oxyllow System makes sleeping with oxygen a freeing experience for supplemental oxygen users. Encouraging supplemental oxygen users to sleep more ergonomically and improve their quality of life. For more information, visit sleepeaytechnology.com or follow-on Facebook, Instagram @sleepeasytechnology.
Newchip is an online, global startup accelerator led by a world-class team of entrepreneurs and investors. It was designed to provide founders with the tools needed to rapidly fund, build, and scale. Since its inception in 2019, the equity-free, remote accelerator has enabled over 2,500 startups from 50+ countries to raise over $2.2 billion in funding with an estimated $9B portfolio. It has three distinct six-month accelerator programs based on company stage: Pre-Seed, Seed, and Series A. Its vast network of global investors, strategic partners, and mentors guide companies from team building and prototype development to securing high-profile VC investment, corporate partnerships, and everything in-between. To learn more, visit https://launch.newchip.com/.