Smartfrog, a Berlin, Germany- and Dublin, Ireland-based Internet of Things (IoT) startup, secured a second investment round which brought total funding to approx. US$10m.
The round was led by new investor Target Global and existing investor e.ventures.
The company intends to use the funds to further scale global operations. In addition to its existing bases in Ireland, China, Germany and Switzerland Smartfrog will soon open offices in several countries, including the UK and USA.
Led by Managing Directors Andreas Rudyk and John Fitzgerald, Smartfrog provides a Home & Small Business Surveillance solution, a home security solution featuring a video camera, an app (to manage up to ten cameras) and video storage.
Launched in October 2015, the solution is available globally with users in over 65 countries.
The package starts at £4.95 per month, with no minimum contract period.
The company is hiring in Berlin.
FinSMEs
15/02/2016