Hello’s sleep-tracking Kickstarter hit collapses

Image copyrightHello
Image caption Sense’s creator said he does not yet have the answers to all of his customers’ questions

A sleep-tracking tech start-up founded by a Briton, which was one of Kickstarter’s biggest success stories, has collapsed.

Hello raised more than $2.4m (£1.9m) for its Sense bedroom monitor via the crowdfunding site in 2014, and went on to attract a further $40.5m.

Private backers included Singapore’s sovereign wealth fund Temasek and Facebook Messenger chief David Marcus.

Hello confirmed it would “soon be shutting down”, via Medium’s news site.

“The past few months have been incredibly tough, especially on the team of Hello. For that I’m incredibly sorry,” wrote its chief executive, James Proud.