BetterNight Raises $33M Growth Financing Round led by NewSpring
SAN DIEGO, CA (Feb. 28, 2023) - BetterNight, a leading provider of comprehensive sleep care through its virtual care platform, announced today $33 million in growth funding led by NewSpring. The financing round includes participation from existing investors HCAP Partners and Hamilton Lane (NASDAQ:HLNE) via its Impact Fund II and other accounts managed by the firm.
BetterNight will use the proceeds from this transaction to continue its nationwide expansion through partnerships with physician practices, health systems, and insurers and to accelerate the adoption and growth of its value-based sleep solution to employers and health plans. The company will continue to invest in technology to support patient engagement and remote patient monitoring.
