Tempdrop

Company Overview

Snapshot

Founded in December 2013 by Michael Vardi and Tal Ron, Tempdrop operates with 11–50 employees. The company has raised $190K across three funding rounds and secured a grant from the Israel Innovation Authority in August 2012. A key strategic move was its acquisition of Sleekbit in May 2019.

Business overview

Tempdrop develops a wearable smart device designed to help women track their fertility by continuously monitoring sleep quality and body temperature. The device, worn under the arm, utilizes two temperature sensors and an acceleration sensor to acquire data on ambient and body temperature. Its proprietary learning algorithm and patent-pending active temperature-noise cancellation filtering algorithm learn individual sleeping temperature patterns and filter out disturbances. The collected data is securely stored in the cloud and integrates with preferred fertility apps, serving the digital healthcare and patient remote monitoring sectors, with a focus on women's health globally.

Strategic signal

In August 2020, Tempdrop was highlighted as a key player in the growing femtech industry, which was projected to reach $1.1 billion by 2024. This signals strong market validation for Tempdrop's wearable device, which provides valuable insights into fertility and cycle health through its unique algorithm. The company's organic sales growth, primarily through social media and word-of-mouth, particularly in the United States, demonstrates effective market penetration and customer engagement, indicating a positive forward trajectory for its commercial expansion.

Company Intelligence Q&A

What is Tempdrop's core product?

Tempdrop's core product is a wearable smart device that helps women track their fertility by continuously monitoring sleep quality and body temperature. It uses two temperature sensors and an acceleration sensor to gather data, which is then processed by proprietary algorithms to filter out disturbances and learn personal sleeping temperature patterns.

When was Tempdrop founded and by whom?

Tempdrop was founded in December 2013 by Michael Vardi and Tal Ron.

What was a significant strategic move for Tempdrop in May 2019?

In May 2019, Tempdrop acquired Sleekbit, a move that expanded its capabilities and market reach within the fertility tracking space.

What was Tempdrop's initial funding approach?

In May 2014, Tempdrop secured funding through a crowdfunding round from Indiegogo. This was followed by a seed round in March 2017 with investment from H.A. Components & Agencies Ltd.

What recognition did Tempdrop receive in August 2020?

In August 2020, Tempdrop was featured in an article discussing the growth of the femtech industry, highlighting its wearable device for tracking basal body temperature and its unique algorithm for fertility and cycle health insights. The company noted over 80% of its users were in the United States.