PatienTech and its affiliate, Responsive Surface Technology (ReST), announced a seven-figure investment package from Decathlon Capital Partners. The new capital will be used to fuel growth of the company’s patented smart bed products and technology, launch new products and establish partnerships for additional distribution channels.
“This financing from Decathlon will enable us to expand the market for our signature product, the ReST Bed,” said CEO Robert Golden. “We created the only truly smart bed – winner of ‘Innovation’ and ‘People's Choice’ awards at CES, the world's most important consumer electronics show. Now we’ve reached the stage where additional financing is crucial to our growth strategy.”
“Decathlon was the right partner to help with our growth financing needs,” said ReST Chairman Bruce MacFarlane. “They understand our mission and share our vision for this company.”
“In evaluating their potential, we see that Responsive Surface Technology has the right products to succeed in a highly competitive industry,” said Decathlon Capital’s John Borchers. “We are pleased our capital investment can be instrumental in helping the company grow.”
About Responsive Surface Technology (ReST): ReST’s mission is to perfect the sleep experience. ReST is the only company with an integrated solution that not only tracks sleep data but automatically responds to that data to help people sleep better. The company’s main product is the ReST Bed™: the only truly smart bed. The ReST Bed™ incorporates a patented smart fabric, which senses changes in pressure and interacts with the mattress to automatically respond to the sleeper’s comfort and support needs throughout the night. In addition, a ReST Bed™ provides useful information and data about consumers’ sleep patterns. Above all, the ReST Bed™ – like all the company’s products – helps people sleep better so that they can live healthier and more productive lives.
About Decathlon Capital Partners: Decathlon Capital Partners provides growth capital for companies seeking alternatives to traditional equity investment. Through the use of highly customized revenue-based financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors.