# Chumby Industries

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chumby-industries

- Industry: Internet
- Headquarters: San Diego, US
- Website: www.chumby.com
- Total disclosed funding: $18M
- Latest round: Series B (Mar 31, 2008)
- Investors on record: 4

## About

Chumby Industries specializes in innovative internet-connected devices, providing a customizable platform for users to access diverse digital content and applications through a user-friendly interface.Founded in 2005, Chumby Industries is based in San Diego, US. The company focuses on developing internet-connected devices, with their flagship product, the Chumby, designed to function as a multimedia hub. In May 2011, they raised USD 1.5 mn in VENTURE DEBT from undisclosed backers, bringing their total funding to USD 12.5 mn across 4 deals.Chumby’s primary product offerings center around a line of internet-connected devices, designed to provide a versatile, customizable platform for accessing a wide array of digital content and functionalities. The flagship device, the Chumby, functions as a multimedia hub, capable of displaying news, weather, social media updates, and more, all in a user-friendly interface. The device allows users to download applications from a curated library, enhancing its utility for personal entertainment, information, and connectivity. Chumby products are targeted primarily at tech-savvy consumers seeking a sophisticated yet simple solution for home automation and content consumption. The company markets its products predominantly in North America and parts of Europe, appealing to individual users, families, and professionals who value smart home technology.Chumby generates revenue primarily through a subscription model, offering access to its extensive library of applications for a fee. Clients can subscribe to various plans that grant them access to over 1,000 applications tailored to enhance their Chumby experience, integrating functionalities such as news feeds, weather services, and entertainment content. The revenue structure includes direct-to-consumer sales through their website, where customers can purchase both devices and subscription services. Additionally, partnerships with content providers and retailers further support the revenue stream, allowing for broader distribution of their products. By focusing on individual consumers and leveraging subscription plans, Chumby aims to create a sustainable income model while enhancing user engagement and satisfaction.Chumby Industries plans to utilize the recent funding from May 2011 to further develop their product line and expand into new geographic regions. Specific upcoming products are in the design phase, aimed at enhancing user interactivity and connectivity. The company is targeting expansion into European markets by the end of 2012, aiming to increase their user base significantly in these regions.

## Funding rounds

- Series B, Mar 31, 2008, $13M — JK&B Capital, Avalon Ventures, Masthead Venture Partners, Indie Enterprises
- Series A, Dec 22, 2006, $5M — Avalon Ventures, Masthead Venture Partners, Indie Enterprises

## Investors

- Avalon Ventures (https://capitalatlas.ai/funds/avalon-ventures) — Series A, Series B
- Masthead Venture Partners (https://capitalatlas.ai/funds/masthead-venture-partners) — Series A, Series B
- Indie Enterprises (https://capitalatlas.ai/funds/indie-enterprises) — Series A, Series B
- JK&B Capital (https://capitalatlas.ai/funds/jk-b-capital) — Series B