Portfolio Day 2026 Tuesday 13 October, Auckland
NZVC

The clippings file·2025

Orion raised $18 million for its cooling mattress cover

Orion raised $18 million to build a water-cooled mattress cover that holds a sleeper's core temperature through the night. It senses body temperature and heart rate, gives each side of the bed its own zone, and charges no subscription for core temperature control.

We backed Orion because temperature is one of the strongest levers on sleep quality, and the company delivers active, personalized climate control at a price that opens the category to far more households. The team ships hardware with strong industrial design and a clear cost advantage over established players, and sleep sits at the base of the growing longevity and health market.

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