# Dwelo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dwelo

- Industry: Internet
- Headquarters: Draper, US
- Website: www.dwelo.com
- Total disclosed funding: $3M
- Latest round: Seed (Nov 7, 2016)
- Investors on record: 2

## About

Dwelo, Inc. is a technology company specializing in smart home solutions for multifamily properties, enhancing both resident experience and property management efficiency through advanced integration of IoT systems.Founded in 2014 in Draper, US, Dwelo, Inc. focuses on transforming apartment living with smart technology. The company was acquired by Level Home Inc. in November 2021, enabling it to enhance its mission of innovation in the living space. The founder, David Beenfield, has a background in technology solutions, although additional information on previous ventures is not disclosed.Dwelo, Inc. offers innovative solutions designed to enhance apartment living and management through advanced technology. The company integrates smart home capabilities with property management systems, enabling seamless control and monitoring of various apartment functionalities. The core product offerings include smart door locks, lighting systems, and energy management tools, aimed at improving convenience, security, and efficiency for residents and property managers. The solutions are deployed across various geographical markets, including urban centers in North America and select international markets, catering to property management firms and residential developers.Dwelo, Inc.'s revenue model is based on subscription partnerships and direct B2B transactions with property management companies and multifamily housing developers. Clients typically engage in multi-year agreements that encompass installation fees and recurring service charges for ongoing software and system support. This structure allows clients to integrate Dwelo’s smart home technologies into their properties, providing a competitive edge in tenant satisfaction and operational efficiency. The company offers tailored pricing plans based on the scale of deployment and specific service requirements.Following its acquisition in November 2021, Dwelo, Inc. aims to innovate within the smart home technology sector under the umbrella of Level Home Inc. The acquisition is geared towards expanding their product offerings and enhancing living experiences through integrated smart solutions. Dwelo's future growth strategy includes the development of new products designed to further streamline operations and improve tenant engagement. Additionally, the company plans to expand its presence in various geographic markets, with a focus on urban centers across North America and international markets by 2023, utilizing recent funding of USD 1.30 mn to support these initiatives.

## Funding rounds

- Seed, Nov 7, 2016, $3M — Peterson Partners, GSD Capital partners

## Investors

- Peterson Partners (https://capitalatlas.ai/funds/peterson-partners) — Seed
- GSD Capital partners (https://capitalatlas.ai/funds/gsd-capital-partners) — Seed