Notion, a Denver, Colorado-based provider of a complete IoT home awareness system, secured $3.2m in seed funding.
Backers included XL Innovate, Liberty Mutual Strategic Ventures, the strategic venture capital arm of Liberty Mutual Insurance Global Consumer Markets’ business, and other investors. As part of the financing round, Martha Notaras, a partner at XL Innovate, will join the Notion board of directors.
The company intends to use the funds to accelerate go-to-market initiatives.
Led by Brett Jurgens, co-founder and CEO, Notion provides complete home awareness via a system of smart sensors. Its initial product is a multi-function sensor that provides recognition of doors or windows opening, water leaks, temperature changes, smoke alarms going off, etc.
The company’s home monitoring system – available on both iOS and Android platforms – can be up and running within a few minutes and sends alerts to homeowners via a mobile app.
Notion is currently selling its products in the US, Canada and parts of Europe.
FinSMEs
02/06/2016