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The Founder's Handbook

Top 24 Smart Home Startups in 2024

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Have you ever wondered who is on the list of Smart Home companies with the highest growth rates?

You’re not alone.

There are hundreds of companies in this space, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 24 fast-growing Smart Home startups that have top-tier venture capital funding.


24 Smart Home Startups

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1) tado°

tado°

Tado° provides smart thermostats and apps that adapt to residents' real-time activity in private homes and small companies.

Details of the startup:

  • Country: Germany
  • State: Bayern
  • City: Munich
  • Started in: 2011
  • Founders: Christian Deilmann, Johannes Schwarz, Leopold von Bismarck, Valentin Sawadski
  • Number of employees: 101-250
  • Funding: $157,482,651
  • Funding rounds: 9
  • Number of investors: 15 (Siemens, Amazon, European Investment Bank, Next47, E.ON)

You can find their website here.

2) Nanoleaf

Nanoleaf

Nanoleaf is a technology and IoT business that is revolutionizing the lighting industry with cutting-edge lighting solutions that are smarter by design.

Details of the startup:

  • Country: Canada
  • State: Ontario
  • City: Toronto
  • Started in: 2012
  • Founders: Christian Yan, Gimmy Chu, Tom Rodinger
  • Number of employees: 101-250
  • Funding: $5,630,733
  • Funding rounds: 4
  • Number of investors: 3 (Horizons Ventures, Kleiner Perkins, Sustainable Development Technology Canada)

You can find their website here.

3) Endel

Endel

Endel is an audio ecosystem that works across multiple platforms.

Details of the startup:

  • Country: Germany
  • State: Berlin
  • City: Berlin
  • Started in: 2018
  • Founders: Oleg Stavitsky
  • Number of employees: 1-10
  • Funding: $7,501,762
  • Funding rounds: 5
  • Number of investors: 13 (Techstars, True Ventures, Target Global, Kima Ventures, Techstars Ventures)

You can find their website here.

4) IKEA

IKEA

IKEA Systems has a large selection of well-designed and useful home furnishings.

Details of the startup:

  • Country: The Netherlands
  • State: Zuid-Holland
  • City: Delft
  • Started in: 1943
  • Founders: Ingvar Kamprad
  • Number of employees: 10001+

You can find their website here.

5) KIWI

KIWI

For big multi-tenant buildings, KIWI provides safe, keyless access.

Details of the startup:

  • Country: Germany
  • State: Berlin
  • City: Berlin
  • Started in: 2012
  • Founders: Christian Bogatu, Claudia Nagel, Peter Dietrich
  • Number of employees: 51-100
  • Funding: € 14,000,000
  • Funding rounds: 4
  • Number of investors: 6 (Urban Us, Paua Ventures, Deutsche Wohnen, J.F. Muller & Sohn AG, Christian Oldendorff)

You can find their website here.

6) Soapbox Labs

Soapbox Labs

SoapBox Labs' privacy-first speech recognition software allows kids of different ages, accents, and dialects to have voice-enabled experiences.

Details of the startup:

  • Country: Ireland
  • State: Dublin
  • City: Dublin
  • Started in: 2013
  • Founders: Patricia Scanlon
  • Number of employees: 11-50
  • Funding: $11,777,501
  • Funding rounds: 4
  • Number of investors: 6 (Enterprise Ireland, Astia Angels, EASME - EU Executive Agency for SMEs, Elkstone Capital Partners, Disruptive Technologies Innovation Fund)

You can find their website here.

7) Setter

Setter

Setter is a home service that handles all of your home's upkeep and repairs.

Details of the startup:

  • Country: Canada
  • State: Ontario
  • City: Toronto
  • Started in: 2015
  • Founders: David Steckel, Guillaume Laliberte
  • Number of employees: 11-50
  • Funding: $12,000,000
  • Funding rounds: 3
  • Number of investors: 10 (Sequoia Capital, 500 Startups, Second Century Ventures, Hustle Fund, NFX)

You can find their website here.

8) Igloohome

Igloohome

Igloohome is a company that makes security locks for both residential and business use.

Details of the startup:

  • Country: Singapore
  • State: Central Region
  • City: Singapore
  • Started in: 2015
  • Founders: Anthony Chow, Kelvin Ho, Sharon Goh
  • Number of employees: 11-50
  • Funding: $20,275,000
  • Funding rounds: 6
  • Number of investors: 18 (Second Century Ventures, Dreamit Ventures, Insignia Ventures Partners, InnoVen Capital, K3 Ventures)

You can find their website here.

9) Glue Home

Glue Home

While you're away, Glue allows smart access to your house for people, products, and services.

Details of the startup:

  • Country: Sweden
  • State: Stockholms Lan
  • City: Stockholm
  • Started in: 2014
  • Founders: Carl Johan Grandinson, Diego Oliva
  • Number of employees: 11-50
  • Funding: $12,588,426
  • Funding rounds: 3
  • Number of investors: 8 (Alfvén & Didrikson, Karl-Johan Persson, Jonas Nordlander, Per Brilioth, Filip Engelbert)

You can find their website here.

10) Minut

Minut

Minut is a computer software firm that focuses on product design, hardware, electronics, software, the Internet of Things, and smart home technology.

Details of the startup:

  • Country: Sweden
  • State: Skane Lan
  • City: Malmö
  • Started in: 2014
  • Founders: Fredrik Ahlberg, Marcus Ljungblad, Martin Loof, Nils Mattisson
  • Number of employees: 11-50
  • Funding: $10,745,941
  • Funding rounds: 6
  • Number of investors: 12 (SOSV, HAX, EASME - EU Executive Agency for SMEs, Nordic Makers, Karma Ventures)

You can find their website here.

11) Silvan Innovation Labs

Silvan Innovation Labs

Silvan is a technology business that specializes in offering home, office, and hotel automation solutions.

Details of the startup:

  • Country: India
  • State: Karnataka
  • City: Bengaluru
  • Started in: 2008
  • Founders: Avinash Gautam
  • Number of employees: 101-250
  • Funding: $2,040,863
  • Funding rounds: 4
  • Number of investors: 4 (Samsung Ventures, The Chennai Angels, 1Crowd, Infuse Ventures)

You can find their website here.

12) Design Cafe

Design Cafe

Execution + Design A company that creates stunning and unique home interior designs for any budget.

Details of the startup:

  • Country: India
  • State: Karnataka
  • City: Bengaluru
  • Started in: 2015
  • Founders: Gita Ramanan, Shezan Bhojani
  • Number of employees: 501-1000
  • Funding: $28,522,266
  • Funding rounds: 2
  • Number of investors: 5 (Fireside Ventures, WestBridge Capital, Sprout Capital, Apurva Salarpuria, Sidharth Pansari)

You can find their website here.

13) SwitchBot

SwitchBot

With smart home goods, SwitchBot aids in the creation of a comfortable environment.

Details of the startup:

  • Country: China
  • State: Guangdong
  • City: Shenzhen
  • Started in: 2015
  • Number of employees: 11-50
  • Funding: CN¥3,000,000
  • Funding rounds: 1
  • Number of investors: 2 (QF Capital, Netac Technology)

You can find their website here.

14) Chuangmi Technology

Chuangmi Technology

Chuangmi Technology is a high-tech company that specializes in smart home technology.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2014
  • Founders: Jianxin Li
  • Number of employees: 101-250
  • Funding: $14,471,535
  • Funding rounds: 2
  • Number of investors: 4 (CPE, CITIC Securities, Yi Capital, Joyoung)

You can find their website here.

15) SmartMi International Limited

SmartMi International Limited

SmartMi International Limited is a Chinese smart home appliance maker.

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2014
  • Founders: Su Jun
  • Number of employees: 11-50
  • Funding: $50,000,000
  • Funding rounds: 3
  • Number of investors: 3 (GIC, Shunwei Capital, 5Y Capital)

You can find their website here.

16) SimpliSafe

SimpliSafe

SimpliSafe is a company that creates, engineers, and sells wireless security alarm systems, cameras, and services for homes.

Details of the startup:

  • Country: United States
  • State: Massachusetts
  • City: Boston
  • Started in: 2006
  • Founders: Chad Laurans, Eleanor Laurans
  • Number of employees: 501-1000
  • Funding: $187,000,000
  • Funding rounds: 3
  • Number of investors: 2 (Alumni Ventures Group, Sequoia Capital)

You can find their website here.

17) Sense

Sense

For its customers, Sense specializes in designing and delivering tracking devices and home automation systems.

Details of the startup:

  • Country: United States
  • State: Massachusetts
  • City: Cambridge-US
  • Started in: 2013
  • Founders: Christopher Micali, Mike Phillips, Ryan Houlette
  • Number of employees: 251-500
  • Funding: $46,999,998
  • Funding rounds: 4
  • Number of investors: 13 (Schneider Electric, CRV, Bolt, Energy Impact Partners, Prelude Ventures)

You can find their website here.

18) Wyze Labs

Wyze Labs

Wyze Labs is a smart home device business with the goal of making smart home technology more accessible to the general public.

Details of the startup:

  • Country: United States
  • State: Washington
  • City: Kirkland
  • Started in: 2017
  • Founders: Dave Crosby, Dongsheng Song, Elana Fishman, Yun Zhang
  • Number of employees: 101-250
  • Funding: $45,000,000
  • Funding rounds: 4
  • Number of investors: 5 (Norwest Venture Partners, Amino Capital, American Family Ventures, Marcy Venture Partners, iSeed Ventures)

You can find their website here.

19) Pro.com

Pro.com

Pro.com is a digitally savvy general contractor.

Details of the startup:

  • Country: United States
  • State: Washington
  • City: Seattle
  • Started in: 2013
  • Founders: Dean Falconer, Eric Wilson, Greg Meyer, Gregor Purdy, Matt Williams
  • Number of employees: 51-100
  • Funding: $60,500,000
  • Funding rounds: 5
  • Number of investors: 18 (Goldman Sachs, Andreessen Horowitz, Jeff Bezos, Redpoint, Madrona Venture Group)

You can find their website here.

20) Openpath

Openpath

For businesses and landlords, Openpath Security offers a mobile and cloud-based access management system.

Details of the startup:

  • Country: United States
  • State: California
  • City: Culver City
  • Started in: 2016
  • Founders: Alex Kazerani, James Segil, Phil Goldsmith, Rob Peters, Samy Kamkar
  • Number of employees: 51-100
  • Funding: $63,000,000
  • Funding rounds: 4
  • Number of investors: 12 (Emergence, Greycroft, Fika Ventures, Upfront Ventures, Bonfire Ventures)

You can find their website here.

21) Notion

Notion

Notion is a smart self-monitoring technology that allows homeowners to take control of their spaces, people, and belongings.

Details of the startup:

  • Country: United States
  • State: Colorado
  • City: Denver
  • Started in: 2013
  • Founders: Brett Jurgens, Ryan Margoles
  • Number of employees: 11-50
  • Funding: $15,980,000
  • Funding rounds: 8
  • Number of investors: 36 (Techstars, MetaProp, Foundry Group, Notion Capital, Plug and Play Tech Center)

You can find their website here.

22) Ring

Ring

Ring is an outdoor home security company that offers a variety of preventative security doorbells and cameras to homes.

Details of the startup:

  • Country: United States
  • State: California
  • City: Santa Monica
  • Started in: 2012
  • Founders: James Siminoff
  • Number of employees: 1001-5000
  • Funding: $203,700,000
  • Funding rounds: 5
  • Number of investors: 23 (First Round Capital, True Ventures, Felicis Ventures, CRV, Qualcomm Ventures)

You can find their website here.

23) Latch

Latch

Latch is a company that specializes in keyless entry security systems that allow you to open and operate all of the doors in your apartment building from your smartphone.

Details of the startup:

  • Country: United States
  • State: New York
  • City: New York
  • Started in: 2014
  • Founders: Brian Jones, Luke Schoenfelder, Thomas Meyerhoffer
  • Number of employees: 251-500
  • Funding: $152,000,000
  • Funding rounds: 6
  • Number of investors: 28 (Techstars, Lux Capital, RRE Ventures, Primary Venture Partners, Brookfield Asset Management)

You can find their website here.

24) Houzz

Houzz

Houzz is a website that specializes in house renovation, architecture, interior design, decorating, gardening, and other home improvement projects.

Details of the startup:

  • Country: United States
  • State: California
  • City: Palo Alto
  • Started in: 2009
  • Founders: Adi Tatarko, Alon Cohen
  • Number of employees: 1001-5000
  • Funding: $613,600,000
  • Funding rounds: 8
  • Number of investors: 22 (DST Global, GGV Capital, Sequoia Capital, New Enterprise Associates, T. Rowe Price)

You can find their website here.

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