Bit is a technology company.
Bit has raised $25.0M across 1 funding round.
Bit has raised $25.0M in total across 1 funding round.
Bit has raised $25.0M in total across 1 funding round.
Bit's investors include Battery Ventures, CapitalG, Cedar Capital Group, FirstMark Capital, Insight Partners, Singular, Snowflake Ventures, Telescope Partners, Wellington Management.
Bit Technology, Inc. is a small product development and manufacturing startup based in Sanford, FL, USA, focused on creating assistive medical devices for individuals with limited range of motion, such as diabetics, obese persons, elderly, veterans, and others needing help with personal hygiene tasks like showering, cleansing, and applying creams or medications without assistance.[1] The company has developed a full product ready for market—accessible via showerbuddie.com—targeting a potential market of over 180 million people, with plans for sales through DRTV, internet push marketing, and streaming infomercials, bolstered by vendor certification with Walgreens.[1] With just 3 employees, it emphasizes job creation through idea commercialization in the medical devices and equipment industry.[1]
Founded by Don Lavance Brown, who serves as President and CEO with a Mechanical Design Technology degree and over 25 years in manufacturing, product development, and design—including work on F-16 jets, Blackhawk helicopters, M1A1 tanks, and government programs exceeding $2 billion in sales—Bit Technology, Inc. emerged from Brown's expertise in turning concepts into market-ready products.[1] COO Larry Eugene Kearse, holding a BS in Business Administration from Birmingham-Southern College and 25+ years in sales, marketing, and distribution (including growing his own firm SEBCO Technologies to $2.5 million in sales), handles operations and fulfillment.[1] The idea stemmed from addressing unmet needs in personal care for those with mobility limitations, leading to a fully developed product; early traction includes Walgreens certification, with no prior external investors listed.[1]
Bit Technology, Inc. rides the wave of aging population trends and assistive tech growth, where the global medical devices market for mobility aids expands amid rising diabetes (over 500 million cases worldwide) and elderly demographics (projected 1.5 billion by 2050), amplified by post-pandemic focus on independent living and home health solutions.[1] Timing aligns with e-commerce and DRTV surges for health products, plus retail partnerships like Walgreens, countering market forces like supply chain issues via lean manufacturing.[1] It influences the ecosystem by pioneering affordable, non-pharma hygiene tools, fostering job creation in underserved U.S. regions like Florida, and bridging medtech with consumer accessibility—potentially inspiring similar small-scale innovators in personalized health devices.[1]
Bit Technology, Inc. stands poised for retail expansion via Walgreens and digital channels, with potential to scale production amid booming demand for at-home assistive devices. Trends like telehealth integration, AI-enhanced medtech, and e-commerce health sales will propel growth, evolving its influence from niche startup to key player in accessible elderly/veteran care. As demographics shift, expect partnerships or funding to accelerate market penetration, reinforcing its job-creating mission while redefining independence for millions—echoing its core promise of turning ideas into life-changing realities.[1]
Bit has raised $25.0M across 1 funding round. Most recently, it raised $25.0M Series B in November 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2021 | $25.0M Series B | Battery Ventures, CapitalG, Cedar Capital Group, FirstMark Capital, Insight Partners, Singular, Snowflake Ventures, Telescope Partners, Wellington Management |