# HOMI SmartHome

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/homi-smarthome

- Industry: Consumer Products
- Headquarters: Hong Kong, Hong Kong SAR - China
- Website: www.myhomi.io
- Total disclosed funding: $5.6M
- Latest round: Series A (Sep 6, 2019)
- Investors on record: 5

## About

HOMI SmartHome specializes in providing innovative smart home solutions that enhance security and convenience for users, integrating technology seamlessly into everyday life.Founded in 2016 and headquartered in Hong Kong, HOMI SmartHome delivers smart home technology solutions. The founder, Amar Dhillon, has a background in technology and entrepreneurship. The company raised USD 5.60 mn in Series A funding on September 6, 2019, valuing it at USD 5.96 mn post-money. The investment was sourced from Angel Central Syndicate, Jungle Ventures, MaGEHold, SeedPlus, and Xoogler Angels.HOMI SmartHome offers a range of smart home devices designed to improve home automation, security, and energy efficiency. Their product lineup includes smart locks, lighting systems, and security cameras, catering to a wide range of customers seeking to enhance their living spaces with integrated technology. The services are developed to provide users with a user-friendly experience, promoting the convenience and efficiency of smart home living.The company generates revenue primarily through the sale of smart home devices and subscription services that provide ongoing support and updates. This model allows for sustainable cash flows as customers invest in their products to enhance their homes. Revenue is derived from direct-to-consumer sales as well as partnerships with retailers.HOMI SmartHome plans to launch several new smart home products in the coming year, focusing on advanced security features and energy-saving solutions. The company aims to expand into markets in North America and Europe by the end of 2022. The recent Series A funding of USD 5.60 mn will be utilized to support product development and market entry strategies to facilitate this growth.

## Funding rounds

- Series A, Sep 6, 2019, $5.6M — Jungle Ventures, SeedPlus, Angel Central Syndicate, Xoogler Angels, MaGEHold

## Investors

- Jungle Ventures (https://capitalatlas.ai/funds/jungle-ventures) — Series A
- SeedPlus (https://capitalatlas.ai/funds/seedplus) — Series A
- Angel Central Syndicate (https://capitalatlas.ai/funds/angel-central-syndicate) — Series A
- Xoogler Angels — Series A
- MaGEHold (https://capitalatlas.ai/funds/magehold) — Series A