Horizon Group, the Bangkok-based consumer wellness company behind Lunio, has closed a US$12.5 million Series A round. Vertex Ventures Southeast Asia & India was the sole investor. The business sells sleep products under the Lunio brand.
Use of funds
The money will support faster product development. Lunio will extend beyond sleep into ergonomics, recovery, and beauty. The funding will also support growth across Asia-Pacific.
Company background
Lunio first launched in 2017. Founder and CEO Robert Fong runs the business. It has gathered more than 4.3 million combined followers on social media and marketplaces in Thailand and Taiwan.
Product range
Lunio creates its lineup in-house through Lunio Labs. Current products include mattresses, adjustable beds, and cooling bedding. The brand is adding ergonomic furniture, massage devices, facial devices, and LED therapy.
Lunio plans to add new recovery and beauty products. The company currently operates in Thailand, Taiwan, Vietnam, and Malaysia. Horizon Group aims to become a broader wellness technology company in Asia-Pacific.