nello, a Munich, Germany-based IoT platform provider, raised €1.5m in funding.
Backers included KPN Ventures, HBT Holdings and KfW.
The company intends to use the funds to grow the team, support its market entry and create partnerships with European delivery companies.
Led by Dr. Christoph Baumeister, Co-Founder and CEO, nello develops a smart intercom solution which enables keyless, remote access to residential buildings by upgrading existing intercom systems. The solution gives apartment dwellers the ability to remotely control the main entrance door to the apartment building with their smartphone. It enables keyless entry and the possibility to remotely share access with visitors or delivery companies, optimizing logistics. In addition to that, service providers can optimize processes and reduce CO2 emissions.