# eero

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

- Industry: Telecoms
- Headquarters: San Francisco, US
- Website: www.eero.com
- Total disclosed funding: $78M
- Latest round: Series C (May 13, 2016)
- Investors on record: 12

## About

eero inc. is a technology company specializing in advanced mesh Wi-Fi systems that provide fast and reliable internet connectivity, enhancing digital experiences in residential homes and small businesses.Founded in 2014, eero inc. is headquartered in San Francisco, US, and focuses on delivering innovative mesh Wi-Fi solutions. The company was founded by Amos Schallich, Nate Hardison, and Nick Weaver, with Nick Weaver currently serving as CEO. In February 2019, eero was acquired by Amazon.com, though the financial terms of the deal were not disclosed. Since its inception, eero has closed a total of six deals, with its latest funding round being Series D, raising USD 25.03 mn and bringing the total amount raised to USD 25.03 mn, with a current valuation of USD 161.37 mn.eero specializes in providing advanced mesh Wi-Fi systems designed to deliver fast, reliable internet connectivity for residential homes. The company’s core product offerings include the eero Wi-Fi 7, eero Pro 7, and eero Max 7, which are equipped with patented TrueMesh technology. This innovative technology optimizes device connections and continuously monitors the network to resolve potential issues proactively. Additionally, eero Plus offers enhanced features such as parental controls and active threat protection against ad trackers and malware. The products cater to a diverse customer base, including individual consumers and businesses that require robust internet solutions, available primarily in the United States.eero generates revenue through a combination of direct-to-consumer sales and subscription-based services. Customers can purchase eero products outright, with flagship offerings such as the eero Pro 7 and eero Max 7 forming the backbone of the company’s sales strategy. Additionally, eero Plus, a subscription service, provides users with premium features and security enhancements. The company’s transactional structure typically involves single-purchase agreements for hardware, while ongoing revenue is derived from subscriptions that allow users to access additional functionalities, supporting a holistic customer experience.eero is actively working on expanding its product line with new and advanced models expected to launch in the near future. The company is also planning to expand its market presence beyond the United States, although specific regions and timelines have not been disclosed. The recent funding through the Series D round will be utilized to support these initiatives, enhancing product development and market expansion efforts. In February 2019, eero was acquired by Amazon.com, which may offer further strategic advantages for its future growth.

## Funding rounds

- Series C, May 13, 2016, $50M — Index Ventures, Menlo Ventures, Redpoint Ventures, Shasta Ventures, First Round Capital, Grishin Robotics, Playground Global, LLC, Stanford-StartX Fund
- Series B, May 13, 2015, $20M — Redpoint Ventures, Shasta Ventures, First Round Capital, Playground Global, LLC
- Series A, Feb 3, 2015, $6.2M — Menlo Ventures, First Round Capital, Stanford University, Initialized Capital, Homebrew, AME Cloud Ventures
- Seed, Jun 12, 2014, $2M — Homebrew

## Investors

- Homebrew (https://capitalatlas.ai/funds/homebrew) — Seed, Series A
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series A, Series C
- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Series A, Series B, Series C
- Stanford University — Series A
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Series A
- AME Cloud Ventures (https://capitalatlas.ai/funds/ame-cloud-ventures) — Series A
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series B, Series C
- Shasta Ventures (https://capitalatlas.ai/funds/shasta-ventures) — Series B, Series C
- Playground Global, LLC — Series B, Series C
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series C
- Grishin Robotics (https://capitalatlas.ai/funds/grishin-robotics) — Series C
- Stanford-StartX Fund — Series C