Nanit’s Nursery Camera combines computer vision with specially designed clothing to help answer the question most new parents have about every 90 seconds: “Is my baby still breathing?” ? “
This morning, the company announces that it has raised an additional $ 25 million in a Series C round led by GV.
As part of the agreement, Frederique Dame de GV will join Nanit’s board of directors.
The company is raising this C Series on the strength of a strong year. While declining to share exactly how many cameras the company has sold to date, Nanit CEO Sarah Dorsett tells me that camera sales are up 130% in 2020 compared to 2019.
Earlier this month, Nanit released the Nanit Pro, an improved model ($ 299 versus $ 249 for the Nanit Plus) that increases camera resolution while improving things like the built-in nightlight and overall usability. It also launched a line of “smart sheets” with a custom black and white pattern that the camera reads to help measure and record your baby’s height between doctor visits.
Dorsett tells me the company plans to expand its line to a larger ecosystem of nursery items, citing things like changing mats and night lights as things “that exist today, but that [Nanit] could really grow thanks to the experience of the application. “
This Series C brings Nanit’s total raised to $ 75 million. Although round leader GV was a new investor here, he was backed by existing investors Jerusalem Venture Partners, RRE Ventures, Upfront Ventures and Rho Capital Partners.