2023-05-09
Industry
Consumer Tech, Health and Wellness, Retail
Headquarters
Knoxville, TN
Employee Count
6
Year Founded
2019
Amount raised
$2M
Business model
B2C subscription (device included with membership)
Early traction
1000+ memberships, 150,000+ hours logged
Investors
Your latest screen time report: 7 hours and 344 pickups per day. 😳
Shocked at the stats, you reflect on your phone behavior.
You can’t sit through a meal without checking notifications.
You scroll through social media while watching movies and wonder why you always miss the plot.
You spend so much time on Twitter that your thoughts have been reduced to 280-character snippets. 💬
Motivated to address your screen addiction, you throw your phone in a drawer.
Two minutes later, it ends up back in your hands. 😬
This week’s company provides a solution to help users cut back on phone use.
Aro is a habit-forming device and platform that helps users manage their phone use.
Device: Users put their phones in the Aro Home box, which acts as a visual cue to take a phone break.
Platform: The app pairs with the box and tracks time away, sets reminders, and gamifies the habit.
Bulleted Version
🤯 Hold the phone: Phone use has quadrupled since 2019, and nearly half of adults admit to using their phones too much.
While most people recognize the health and productivity impacts, they struggle to cut screen time with existing solutions.
🔁 Retention: Aro’s software-driven approach builds retention, engages users, and creates a steady stream of recurring revenue.
🚗 Use cases: The company initially targets families for use at home but has the potential to expand and tailor products for the car, the workplace, and the solo user.
🗓 Behavior shift: Aro must adapt to user behavior to create a product that engages them for the long term, recognizing that the average person abandons a new habit after seven weeks.
💳 Subscription required: Aro may limit its serviceable available market by requiring subscription payments with the home device, as many households seek to limit subscriptions.
🧘♀️ Digital wellness: The digital wellness and habit tracking markets have frequent new entrants and established market leaders that may pose competition.
Additionally, leading smartphone providers may choose to improve their native screen time tracking products.
Opal: Backed by SpeedInvest, Secocha Ventures, Nico Wittenborn, Harry Stebbings, and more.
Freedom: Backed by Pilot Mountain Ventures.
Wellspent: Backed by angel investors.
Block: Backed by T-Mobile’s Futurelab.
WhyAro
As the only solution for families that combines a well-designed habit-forming device with a sticky wellness app, Aro has the potential to ring in a new era of phone-life balance. 📳
*Nothing in this content constitutes investment or legal advice. Conduct independent diligence and consult professional advisers before making investment decisions.*
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