Kangaroo, a New York — based home security startup, raised $10.26M in Series A funding.
The round was led by Greycroft, with participation from Lerer Hippeau and angel investors. In conjunction with the funding, Greycroft partner and co-founder, Ian Sigalow, joined Kangaroo’s Board of Directors.
Led by co-founder and CEO Maximus Yaney, Kangaroo provides a smart home security product featuring app-based controls and minimal hardware, which allow users to self-monitor their home for free, or choose to be connected to 24/7 professional monitoring for $60/year with no contract or cancellation fees.
By utilizing users’ home WiFi, Kangaroo offers a customizable home security system that caters to homeowners and apartment dwellers alike.
The company intends to use the funds to launch its expanded product lineup throughout the Spring, Summer and Fall. This includes products such as a motion and entry sensor, siren and keypad, climate sensors, smoke and carbon monoxide detector, a privacy camera and a doorbell camera.