Smart Home Product Maker Sevenhugs Closes $14.6M in Series A Funding

sevenhugs-logoSevenhugs, a Paris, France-based creator of connected home products, completed a $14.6M (€13M) in Series A funding.

The round was led by Xerys Gestion.

The company, which has raised $17.5M in total funding, intends to use the capital to build the team and invest in product development.

Founded in 2014 by Simon Tchedikian, Stephane Jaubertou, Lionel Marty, and Olivier Mandine, Sevenhugs About Sevenhugs provides smart home products including hugOne, a sleep monitor that tracks sleep patterns to rest better by capturing temperature, humidity, and air quality even pairing with other smart home technologies such as Nest and Phillips Hue as well as soon-to-launch intelligent Smart Remote, a universal control center for all home technologies.

The company has just opened its San Francisco office where the executive team will be overseeing global operations and product development.

FinSMEs

22/06/2016

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