Keen Home, a NYC-based startup developing connected home products, raised $1.52m in seed funding.
The round was led by RMR Capital, with participation from R/GA Ventures, Bullet Time Ventures, NYU Innovation Venture Fund, Rugged Ventures, Galvanize Ventures, and Brand Foundry Ventures, as well as strategic investors American Family Ventures and Comporium, Inc.
The company intends to use the funds to bring its first product, the Keen Home Smart Vent, to market.
Co-founded by Founded in 2013 by Ryan Fant, Nayeem Hussain and Will McLeod, Keen Home has developed the The Smart Vent, a connected air vent that intelligently redirects airflow throughout the home, and connects with a smartphone to tailor the heating and cooling of each room to fit any lifestyle.
The Smart Vent opens and closes based on user-input from a smartphone, or automatically in response to specific details about a user’s home and lifestyle—even accounting for outside weather conditions—reducing the square footage that needs to be conditioned within a home.
The company, which had previously raised $40k on Indiegogo, has signed partnerships with Lowe’s Home Improvement Centers, SmartThings, and Wink and will distribute the vent through these channels at launch in Spring 2015.
Further partnerships will be announced shortly.
FinSMEs
29/10/2014