Zeo, a Newton, MA-based provider of sleep coaching devices and software, has raised $1 million of a proposed $1.5 million round of debt financing, according to an SEC filing. The company, formerly known as Axon Labs, plans to use the funding for new product development, additional customer service, and operational expenses, Jason Donahue, the company’s co-founder and vice president of brand management, said in an e-mail. When Xconomy last chronicled Zeo and its progress in May, the company had raised a total of $14 million, primarily from iD Ventures America and Trident Capital.
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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