Smart homes space in 2016 saw an 87% leap in total funding dollars with fundraising rounds plunging by 15%. By stage, fundraising rounds climbed only for late investments by a whopping 350% whereas, for early and seed, it dove by 8% and 28% respectively.
By stage, funding soared across the board-late stage dollars experienced the most pronounced climb from $15M to $324M; early stage dollars grew by 2.5% and seed by 13%.
Average ticket size climbed for both seed (75%) and Series A (66%) whereas for Series B, it dipped by a minuscule 0.5%.
Top investments in this space last year include Ring Labs’ Series D round of $109M led by Goldman Sachs among others and Vivint’s PE round of $100M.
Plug and Play Tech Centre with 18 investments in its kitty and Techstars and Y Combinator each with 11 emerged the most active investors in this sector. 11 acquisitions marked this space with electroluxgroup.com buying Anova Culinary for $250M being the highest disclosed deal value.
By stage of entry, Y Combinator with 11 investments led the tally for seed, Bpifrance with 3 in its portfolio led for Series A and KPCB led for Series B and beyond with 6 investments.
Historically, companies offering Home Automation solutions have been the most investment friendly with $1.2B having been infused here till date. Under Home Automation, devices management business model have amassed the highest funding ($402M) till date.
256 companies have been funded in the Smart Homes sector in the last five years with $856M invested between 2016-17 YTD.
Note: You can download the full-version of this report here.
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