Montreal’s OMsignal announced today that it has raised a $10 million Series A investment led by Bessemer Venture Partners (BVP).
Also participating in this round are existing investors including Real Ventures, Mistral Venture Partners, Golden Venture Partners, David Cohen (managing partner, Techstars), Flextronics (FLEX) and Primera Capital. OM Signal raised $1 million from from Real Ventures, Golden Venture Partners, and David Cohen one year ago.
OMsignal was founded in 2011 by Frederic Chanay and Stephane Marceau on the vision that clothing is the ultimate wearable medium, the only wearable we have been wearing our entire life and that smart clothing will help people be healthier, fitter and happier.
“Smart clothing will become a pervasive and normal aspect of consumers’ lives,” said Stephane Marceau co-founder and CEO of OMsignal.
“Following the recent launch of our Biometric Smartwear collection, we are continuing to receive orders from all over the world, developing new designs and working with top partners to bring our technology to an even wider consumer base. This new funding as well as BVP’s track record in taking disruptive technologies to the masses will further help OMsignal in achieving its company intent at scale and to continue to drive the next evolution of wearable technology.”
Rob Stavis, partner of BVP, and Ori Sasson, partner of Primera Capital, are also joining the company’s board of directors.