HomeUSAVivint Smart Home Raises $100M in Equity Funding

Vivint Smart Home Raises $100M in Equity Funding

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smart-home-logo-orange-tmVivint Smart Home, a Provo, UT-based provider of smart home technology and services, raised $100m in equity funding.

The round was co-led by tech investor Peter Thiel and investment firm Solamere Capital.

The company intends to use the funds for growth and product innovation.

Led by Todd Pedersen, founder and CEO, Vivint Smart Home offers a custom platform with integrated smart home products, including smart door locks, thermostat, cameras, doorbell camera, cloud storage and an array of sensors. In addition to its product suite, the company has integrated smart home products into its Vivint Sky platform, including the Amazon Echo and the Nest Learning Thermostat.
Vivint also offers in-home consultation, professional installation and support delivered by professionals, as well as 24-7 customer care and monitoring.

Today, the company has more than one million customers and revenue of more than $650m.

FinSMEs

28/04/2016

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