Alarm.com Raises $136M from Technology Crossover Ventures

Alarm.com, a Vienna, VA-based provider of interactive security, automation and energy management services, has raised $136m in funding from Technology Crossover Ventures (TCV).

The company intends to use the proceeds to continue to focus on developing and delivering innovative products.

In conjunction with the investment, TCV General Partner Tim McAdam will join Alarm.com’s Board of Directors along with the existing investor ABS Capital Partners.

founded in 2000 and led by Steve Trundle, CEO, Alarm.com provides residential and commercial customers throughout North America with interactive security, automation and energy management solutions. The company delivers interactive security, video monitoring, home automation and energy management through a network of thousands of licensed and authorized Dealer Partners.

FinSMEs

27/07/2012

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