tracxn research — wearable technology landscape, september 2016

Wearable Technology Report – September 2016

TracxnWorld’s Largest Startup Research Platform

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Contents

3

Topic Page No.

Scope of Report 04

Entrepreneur Activity 06

Investment Trend 10

Who is Investing 18

Exit Outlook - IPO, Acquisitions 22

Sub Sector Analysis 25

Useful Links 40

Company List 42

Team 214


Sector Overview

Scope of report

Companies which manufacture wearable devices for fitness tracking like bands, wellness devices for sleep monitoring, sexualwellness, posture correction. Body wears like shirt, pants, shoes etc. which have the ability to track matrices like movements,pressure, calories burned etc. Health care devices which can be worn and help in chronic disease management, heart care,diabetes etc. Companies making wearables for tracking and monitoring babies, elderly, pets and patients. This also includeswearable devices for infotainment purposes(Smart watches, communication devices , wireless earphones, wearable camera, AR& VR devices). High-end fashion wearables like jewellery, watch, bracelet etc. with features like fitness monitoring, notificationalerts etc. Enterprise wearable devices for safety, wellness and increasing the efficiency of employees. The smart fabric which ismade by conducting yarns or have integrated electronics. Any technology provider which provides sensors, conducting yarns,software or hardware to OEM manufacturers.

The scope of this report includes equity as well as debt funding received by the companies.


Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Useful Links

Company List

Team

55


51

76

142

263

344

229

17

0

80

160

240

320

400

2010 2011 2012 2013 2014 2015 2016

Nu

mb

er o

f C

om

pan

ies

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YoY – Number of companies founded

Basis Magic Leap Oculus VR Doppler Labs AntVR Baofeng Mojing iBeat

iHealth Labs Codoon Meta Huami Mojing Hi9i9i Strados Labs


Large Upcoming Sectors


Niche Upcoming Sectors


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis

Useful Links

Company List

Team

99


YoY – Number of Rounds and Total Funding

Note: The funding includes debt rounds also.

$86M $91M$54M

$482M

$412M

$588M

$1.4B

$1.1B

$1.5B

8

2014

31

59

138

210

231

97

0

50

100

150

200

250

0

320

640

960

1280

1600

2008 2009 2010 2011 2012 2013 2014 2015 2016

Nu

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er of R

ou

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sFu

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Am

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(in

Mill

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Funding Amount Number of Rounds


YoY – Number of Rounds by Stage


YoY – Funding by Stage


Average Ticket Size – Early Stage


Top investments in last one year


Funnel view of Sector


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis

Useful Links

Company List

Team

1717


Most Active Investors in Sector

17

1514 14

13

10

7 7 76

0

4

7

11

14

18

Intel Capital Khosla Ventures HAX Y Combinator True Ventures NEA Andreessen Horowitz

HorizonsVentures

NorwestVenture Partners

500 Startups

Tota

l Nu

mb

er o

f R

ou

nd

s

Razer Inc Jawbone Vibease Meta Fitbit Senseonics Magic Leap Meta iRhythm Tech Avegant

Avegant Misfit Wearables Shot Stats Thalmic Labs Athos Olio Devices Jawbone Misfit Wearables Misfit Wearables Pinmypet


Where are Top Investors investing


Top Investor by Stage of Entry


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis

Useful Links

Company List

Team

2121


Top IPOs

IPO Date Company OverviewFunding Amount

Mar-2016 s4ms.comSenseonics

(Germantown, 1996)

Implantable system for continuous glucose monitoringNEA, Rho Capital Partners, Greenspring Associates, Rho Ventures, Anthem Capital Management, Abingworth, Delphi Ventures, Healthcare Ventures, Anthem Capital

$124.4M

Jun-2015 fitbit.comFitbit

(San Francisco, 2007)

Wireless wearable sensors to track person's activities.Qualcomm Ventures, Foundry Group, Felicis Ventures, True Ventures, SoftBank, SoftTech VC, Sapphire Ventures, 2020 Ventures, Darwin Ventures, Sapphire Ventures

$64.98M

Jan-2014 eksobionics.comEkso Bionics

(Richmond, 2005)

Bionic exoskeleton for people with paralysisWestern Technology Investment, Saints Capital, United States Department of Defense, Juvo Capital, Mach5 Ventures

$17.07M

Nov-2011 invensense.comInvenSense

(San Jose, 2003)

Motion processing solutionsQualcomm Ventures, Sierra Ventures, Artiman, Western Technology Investment, Partech Ventures, VentureTech Alliance, DOCOMO Innovations

$38M

Jul-2011 echotx.comEcho Therapeutics

(Franklin, 1989)

Wearable devices and app for blood glucose monitoring and behavior modification for improving disease conditionEssex Woodlands

$42.35M

Apr-2010 vuzix.comVuzix

(Rochester, 1997)

Video Eyewear productsIntel $25.81M


Major Acquisitions


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis

Useful Links

Company List

Team

2424


September 2016Tracxn BlueBox : Wearable Technology

1255 companies in the sector, 408 funded in last 5 years, ~$1.8B invested in 2015-16


Top Business Models by Funding

$2.7B

$1.5B

$720M

$167M $165M $120M $84M $79M $40M $39M0

500

1000

1500

2000

2500

3000

Infotainment Fitness Healthcare TechnologyProviders

WellnessDevices

Sports EnterpriseSolutions

Fashion Petcare Controller

Tota

l Fu

nd

ing

Am

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(in

Mill

ion

s)

# Cos. 493 122 242 62 112 91 31 69 37 36

Avg. Age 2012.2 2009.9 2012.2 2009.6 2012.3 2012.9 2012.2 2013.3 2012.7 2012.8

Magic Leap Jawbone Senseonics InvenSense Hello Whoop Atheer Misfit Wearables Whistle Nod

GoPro Codoon iRhythm Tech Valencell Zeo Vicis Daqri RINGLY Datamars Thalmic Labs


Infotainment – Business Model Description


Infotainment – Entrepreneur Activity and Investment Trend


Infotainment – Most Funded Companies


Fitness – Business Model Description


Fitness – Entrepreneur Activity and Investment Trend


Fitness – Most Funded Companies


Healthcare – Business Model Description


Healthcare – Entrepreneur Activity and Investment Trend


Healthcare – Most Funded Companies


Wellness Devices – Business Model Description


Wellness Devices – Entrepreneur Activity and Investment Trend


Wellness Devices – Most Funded Companies


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis

Useful Links

Company List

Team

3939


Useful Links

Slide Title Content Platform Link

List of All Companies in readable format Companies Link

Large Upcoming Sectors Entrepreneur Activity Link

Niche Upcoming Sectors Entrepreneur Activity Link

Top investments in last one year Investment Trend Link

Top IPOs in last three years Exit Outlook - IPO, Acquisitions Link

Major Acquisitions in last one year Exit Outlook - IPO, Acquisitions Link

Fitness – Funded Companies Sub Sector Understand Link

Infotainment – Funded companies Sub Sector Understand Link

Healthcare – Funded Companies Sub Sector Understand Link

Wellness Devices – Funded Companies Sub Sector Understand Link

Technology Provider – Funded companies Sub Sector Understand Link

http://tracxn.com/theme/feedview/53fdb52de4b06cc20473541f

http://tracxn.com/theme/largeupcoming/53fdb52de4b06cc20473541f

http://tracxn.com/theme/nicheupcoming/53fdb52de4b06cc20473541f

http://tracxn.com/theme/feedview/53fdb52de4b06cc20473541f#%7Csort%3DtotalMoneyRaised%7Corder%3DDEFAULT%7CfeedName%3DWearable%20Technology%7CfundedDate%5Emin%3D17%2F08%2F2015%5Emax%3D17%2F08%2F2016

http://tracxn.com/theme/feedview/53fdb52de4b06cc20473541f#%7Csort%3DipoDate%7Corder%3DDEFAULT%7CfeedName%3DWearable%20Technology%7CcompanyStage%3DPublic

http://tracxn.com/theme/feedview/53fdb52de4b06cc20473541f#%7Csort%3DacquisitionDate%7Corder%3DDEFAULT%7CfeedName%3DWearable%20Technology%7CacquisitionDate%5Emin%3D17%2F08%2F2015%5Emax%3D17%2F08%2F2016

http://tracxn.com/theme/feedview/53fdb52de4b06cc20473541f#%7Csort%3DtotalMoneyRaised%7Corder%3DDEFAULT%7CfeedName%3DWearable%20Technology%7CisFunded%3Dtrue%7CbusinessModel%3D53fec512e4b06cc2047358d7%3AFitness

http://tracxn.com/theme/feedview/53fdb52de4b06cc20473541f#%7Csort%3DtotalMoneyRaised%7Corder%3DDEFAULT%7CfeedName%3DWearable%20Technology%7CisFunded%3Dtrue%7CbusinessModel%3D5465c855e4b06750f37e522e%3AInfotainment

http://tracxn.com/theme/feedview/53fdb52de4b06cc20473541f#%7Csort%3DtotalMoneyRaised%7Corder%3DDEFAULT%7CfeedName%3DWearable%20Technology%7CisFunded%3Dtrue%7CbusinessModel%3D53fecb97e4b06cc204735901%3AHealthcare

http://tracxn.com/theme/feedview/53fdb52de4b06cc20473541f#%7Csort%3DtotalMoneyRaised%7Corder%3DDEFAULT%7CfeedName%3DWearable%20Technology%7CisFunded%3Dtrue%7CbusinessModel%3D57a329d8e4b081e191fd2bf6%3AWellness%20Devices

http://tracxn.com/theme/feedview/53fdb52de4b06cc20473541f#%7Csort%3DtotalMoneyRaised%7Corder%3DDEFAULT%7CfeedName%3DWearable%20Technology%7CisFunded%3Dtrue%7CbusinessModel%3D5639967ae4b0612afc364620%3ATechnology%20Providers


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis

Useful Links

Company List

Team

4141


Wearable Technology – Company List

Fitness Infotainment HealthcareTechnology Providers

WelnessDevices

SportsEnterprise Solutions

Fashion Petcare Controller Stealth

552 FUNDED COMPANIES AND 753 UNFUNDED COMPANIES

COVERS THE FOLLOWING SECTORS


Fitness (1/16)

43

Company Overview Business Model Total Funding

Huami(2013, Beijing)

Wearable tech productSequoia Capital, Morningside Ventures, Shunwei, Xiaomi, Banyan Capital

$35M

PICOOC(2013, Beijing)

Wearable and Medical Devices CompanyGobi Partners, JD.Com, Tencent $24M

Zephyr(2003, Annapolis)

Develops and manufactures real-time physiological and biomechanical monitoring solutions.Motorola Solutions, Alsop Louie Partners, 3M, NZVIF

$13.3M

The BitBite(2014, San Francisco)

Building technology to monitor eating habits.

Healthub(2014, Vancouver)

Sensor shirt for monitoring individual biometrics.

Sunbeam Products Inc(1893, Boca Raton)

Makes fitness tracking bands

Velocity Foundry(2014, Kitchener)

Solving low back pain through wearable technology by improving the way you move.

BioMindR(2016, Montreal)

Develop biosensors using RF technology.

<< Go to BM List >> Infotainment


Fitness (2/16)

44


Kids Dynamic Tech(2015, San Francisco)

Smart watch for kids to monitor their activity.

Biocom Technologies(1996, Poulsbo)

Wearable patch for sleep, fitness and stress measurement.

Bioring(2015, Stockholm)

Fitness tracking ring which can monitor food intake and stress level

MYZONE(2011, )

Developed a heart rate monitoring system

AiraWear(2015, Singapore)

Jackets for massages, controllable via app

LiftUp(2014, Cambridge)

Smart resistance band that tracks user's workout

ibitz(2008, Boulder)

Wireless pedometers

BearTek Gloves(2012, Columbia)

Gloves to control music, video and calls.Plug and Play Tech Center



Fitness (3/16)

45


Athos(2012, Redwood City)

Fitness apparel connected through appLightspeed Venture Partners, True Ventures, S23P, DCM Ventures, DMC USA LTD, MAS Holdings, Felix Capital, Social Capital

Bodywear $51.2M

OMsignal(2011, Montreal)

Apparel with embedded sensors that can monitor your heart rate, breathing and activity.Bessemer Venture Partners, Real Ventures, Golden, Flextronics, Mistral Ventures

Bodywear $11M

Sensoria(2010, Redmond)

Sensor-equipped wearables developerPlug and Play Tech Center, Startcaps Ventures, Reply Bodywear $5.5M

Textronics(2005, Wilmington)

Wearable monitoring through electronic textilesPhysic Ventures, NGEN Partners, SAS Investors Bodywear $5M

FitLinxx(1993, Shelton)

Provider of wireless wearable fitness solutionsNorth Atlantic Capital, Ironwood Capital Bodywear $4.1M

Sensilk(2013, San Francisco)

Clothing for health statsPlug and Play Tech Center, Han Hai Investment, Highway1 Bodywear $1.75M

Xenoma(2015, Tokyo)

Garment with embedded sensorsjst.go.jp, NEDO, Beyond Next Ventures Bodywear $1.7M

Hexoskin(2006, San Francisco)

Apparel with integrated sensors that captures body metrics.Anges Quebec, Anges Quebec Capital Bodywear $1.69M



Fitness (4/16)

46



Fitness (5/16)

47



Fitness (6/16)

48



Fitness (7/16)

49



Fitness (8/16)

50



Fitness (9/16)

51



Fitness (10/16)

52



Fitness (11/16)

53



Fitness (12/16)

54



Fitness (13/16)

55



Fitness (14/16)

56



Fitness (15/16)

57



Fitness (16/16)

58



Infotainment (1/63)

59

Fitness <<Go to BM List >> Healthcare


Infotainment (2/63)

60



Infotainment (3/63)

61



Infotainment (4/63)

62



Infotainment (5/63)

63



Infotainment (6/63)

64



Infotainment (7/63)

65



Infotainment (8/63)

66



Infotainment (9/63)

67



Infotainment (10/63)

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Healthcare (1/31)

122

Infotainment << Go to BM List >> Technology Providers


Healthcare (2/31)

123



Healthcare (3/31)

124



Healthcare (4/31)

125



Healthcare (5/31)

126



Healthcare (6/31)

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Healthcare (7/31)

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Healthcare (8/31)

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Healthcare (9/31)

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Healthcare (10/31)

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Healthcare (11/31)

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Healthcare (12/31)

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Healthcare (13/31)

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Healthcare (14/31)

135



Healthcare (15/31)

136



Healthcare (16/31)

137



Healthcare (17/31)

138



Healthcare (18/31)

139



Healthcare (19/31)

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Healthcare (20/31)

141



Healthcare (21/31)

142



Healthcare (22/31)

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Healthcare (23/31)

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Healthcare (24/31)

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Healthcare (25/31)

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Healthcare (26/31)

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Healthcare (27/31)

148



Healthcare (28/31)

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Healthcare (29/31)

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Healthcare (30/31)

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Healthcare (31/31)

152



Technology Providers (1/8)

153

Healthcare << Go to BM List >> Wellness Devices



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Wellness Devices (1/15)

161

Technology Providers << Go to BM List >> Sports



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Sports (1/12)

176

Wellness Devices << Go to BM List >> Enterprise Solutions


Sports (2/12)

177



Sports (3/12)

178



Sports (4/12)

179



Sports (5/12)

180



Sports (6/12)

181



Sports (7/12)

182



Sports (8/12)

183



Sports (9/12)

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Sports (10/12)

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Sports (11/12)

186



Sports (12/12)

187



Enterprise Solutions (1/4)

188

Sports << Go to BM List >> Fashion



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Fashion (1/9)

192

Enterprise Solutions << Go to BM List >> Petcare


Fashion (2/9)

193



Fashion (3/9)

194



Fashion (4/9)

195



Fashion (5/9)

196



Fashion (6/9)

197



Fashion (7/9)

198



Fashion (8/9)

199



Fashion (9/9)

200



Petcare (1/5)

201

Fashion << Go to BM List >> Controller


Petcare (2/5)

202



Petcare (3/5)

203



Petcare (4/5)

204



Petcare (5/5)

205



Controller (1/5)

206

Petcare << Go to BM List >> Stealth


Controller (2/5)

207



Controller (3/5)

208



Controller (4/5)

209



Controller (5/5)

210



Stealth (1/2)

211

Controller << Go to BM List


Stealth (2/2)

212

Controller << Go to BM List


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis

Useful Links

Company List

Team

213213


Team

Tanuj Choudhary

Analyst – Technology Global

214

Amol Khedkar

Lead Analyst – Technology Global

Vijaya Bhaskar Rao

Lead Analyst – Technology Global

https://in.linkedin.com/in/tanuj-choudhary-96793953

https://in.linkedin.com/in/tanuj-choudhary-96793953

https://twitter.com/tanuj1191

https://twitter.com/tanuj1191

https://in.linkedin.com/in/vijaya-bhaskara-rao-05843245

https://in.linkedin.com/in/vijaya-bhaskara-rao-05843245

https://twitter.com/vijaybhaskar_q

https://twitter.com/vijaybhaskar_q

https://in.linkedin.com/in/khedkaramol

https://in.linkedin.com/in/khedkaramol

https://twitter.com/khedkara19

https://twitter.com/khedkara19

tracxn research — wearable technology landscape, september 2016

Data & Analytics