Embr Labs Secures $35M in IP-Based Debt Financing for Menopause Wearable
Boston-based company to boost consumer growth strategy with retail and geographic expansion for Embr Wave® wristband
Embr Labs, Inc., a Boston, MA-based creator of the Embr Wave, a wearable device designed to alleviate menopause symptoms, has raised $35 million through intellectual property (IP)-based debt financing. The funding round was led by GT Investment Partners, in conjunction with Aon plc (NYSE: AON).
Under the leadership of CEO Elizabeth Gazda, the company aims to utilize the funds to accelerate its consumer growth strategy via retail and geographic expansion. Embr Labs’ Embr Wave® wristband uses the company’s patented technology to deliver precisely calibrated cooling or warming sensations at the touch of a button, offering instant, discreet control over hot flashes and related menopause symptoms.
Embr Labs has established partnerships with several well-known distribution and retail organizations, making the Embr Wave available at most major retailers across the US and the United Kingdom. Recently, the Embr Wave has become available at Costco, Sam’s Club, Walmart, FSA Store, HSA Store, Best Buy, and Target. The company plans to launch in multiple new retailers in both the US and the UK by the end of the year.