At Baker Tilly we analyse the financing rounds carried out in the Smart Home.

Homyhub is a start-up that has developed a technology to open garage doors from a mobile app. While the idea seems simple enough, the company has been able to integrate features that have proved attractive to major automotive market leaders such as Porsche.

Smart Home Rounds

Homyhub

When Porsche opened a Start-Up accelerator in 2017, shortlisted this company because of its ability to integrate with other services, including access control platforms, and because it had a deal with Email to start a pilot project for garage deliveries at that time.

The technology of the "Smart Homes"has been developing at a very high level. Within the sector's distinctive capabilities, this firm has focused on service integration and sensor-based automation.

The company's offer lies in overcoming the barriers to opening the garage and making it easier by means of automation through sensors that detect the proximity of the mobile phone, allowing it to be opened without even having to take out the mobile phone.

In addition, the application allows the opening permission to be transferred to other devices, allowing the "open" to be used by other devices.garage sharing"and the control of those who have accessed it.

Thanks to this innovative idea, the company has been able to raise additional 150.000 pounds in May to improve the system and reach thousands of homes in Spain with this disruptive technology.

Within the Internet of Things sector we can highlight the following financing rounds:

Wirepas

Wirepas is a company that offers a unique multi-hop network solution in the Internet of Things market, helping to connect any asset to the internet by enabling connectivity and flexibility.

A mediados de mayo ha conseguido levantar una ampliación de capital “Serie B” por valor de 14,4M€ to increase the efficiency of connectivity and be able to scale the business.

Orivbo

Orvibo is a Chinese company focused on creating smart home hardware. Its product line includes micro smart product lines for individual consumption and villas based on ZigBee wireless technologies, enabling cloud platforms for greater control.

This company has been able to raise $19.1M to enable its development in China before moving into other markets.

Flo Technologies

Flo Technologies is a company whose mission is to preventing water losses in the homeThe company has developed a water and leakage monitoring system for the smart home to prevent water damage and unnecessary water waste in the home.

In 2018, thanks to the software developed, more than ten million litres of water were saved in California alone. Due to the company's growth, in early January it was able to carry out a Series B capital increase of $28M in order to scale the solution nationally and make it profitable.