H&D Wireless AB, a Lista, Sweden-based global smarthome solution provider, has received a SEK11,5m investment.
The round was led by Pomona-gruppen AB, a Swedish industry group, which committed SEK10m.
The company intends to use the funds to continue to expand.
Led by founder and CEO Pär Bergsten, H&D Wireless provides OEM companies with a Wi-Fi system solution that offers IPv4/v6-communication between cloud services, customers’ android or iPhone mobile phones and devices in the home. Applications range from smart energy meters for CleanTech to streaming data for Digital Media.
The solutions from the company include radio modules and application software.