Smart home companies have attracted $450M funding in 2016 over 59 rounds, following two years of $400M+ investments.
The top funding rounds in this space in 2016 went to home automation system developer Vivint ($100M, PE), cold press juice system manufacturer Juicero ($70M, Series B), and video doorbell company Ring Labs ($61M, Series C). Other notable investments in this space were bagged by smart AC management device Tado ($23M, Series C), smart countertop oven June ($23M, Series A), and smart lock developer Dessmann (19M, Series A).
Over 200 smart home startups have been funded in the last five years, the top business models by funding are home automation (Control4, Savant Systems), home security (iControl, Ring Labs), and smart home suites (Alarm, Vivint). Seven use-cases the smart homes space have attracted investments upwards of $100M — devices management hubs ($323M), smart kitchen devices ($179M), gardening ($133M), video monitoring & alerts ($366M), energy usage ($121M), thermostats ($102M), and home lighting ($100M).
Techstars (Latch, Revolv), Khosla Ventures (Canary, Misfit Wearables), and KPCB (iControl, Ring Labs) are the most active investors in smart home companies. The US is the leading nation fielding the highest number of smart home companies, followed by India and China.
The last IPO in this space was from Washington-based smart home system maker Alarm.com; Nokia’s acquisition of connected health device manufacturer Withings was the largest M&A event this year.
The smart homes startup landscape report profiles companies that enable home automation, monitoring and control of home devices and operations. Glance through the report, published in full below.