Originally published by FinSMEs on May 3, 2023
Embr Labs, Inc., a Boston, MA-based maker of Embr Wave, a wearable to treat the symptoms of menopause, raised $35m via intellectual property (IP)-based debt financing.
The round was led by GT Investment Partners in collaboration with Aon plc (NYSE: AON).
The company intends to use the funds to accelerate consumer growth strategy via retail and geographic expansion.
Led by Elizabeth Gazda, CEO, Embr provided the Embr Wave® wristband, using the company’s patented technology, delivers precisely calibrated cooling or warming sensations at the touch of a button for instant, discrete control over hot flashes and related menopause symptoms.
Embr Labs has secured partnerships with some of the most recognized distribution and retail organizations, with Embr Wave now available at most major retailers across the US and United Kingdom. Embr Wave is most recently available via Costco, Sam’s Club, Walmart, FSA Store and HSA Store, BestBuy, Target, with plans to launch in multiple new retailers in the US and UK by year end.