BOSTON, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Ozlo, the sleep technology company behind Ozlo Sleepbuds®, announced it has raised $22 million in Series B funding led by Modi Ventures. Existing investors LifeArc, Artis Ventures, Resmed, Scrum Ventures, Drive by DraftKings, Wheelhouse 360, WISE Ventures, Niremia Collective, Accelerate Ventures, and World Solver Syndicate participated, along with NFL Super Bowl champion Nick Foles, Olympic snowboarder Danny Davis, Whole30 founder and New York Times bestselling author Melissa Urban, and high-performance psychologist, author, and podcast host Michael Gervais. The round size includes previously issued convertible instruments.
The round, which comes as Ozlo surpasses 260,000 customers in under two years, fuels the company's continued growth and expansion beyond Sleepbuds into new areas of sleep and nighttime health, including advancing the regulatory work required to submit a tinnitus product to the U.S. Food and Drug Administration (FDA) for review.