Smartfrog Raises €20M in Funding

smartfrogSmartfrog, a Dublin, EIRE, and Berlin, Germany-based provider of Internet of Things home security products, raised €20m in funding.

Backers included, Target Global, Jean-Pierre Wyss, co-founder of u-blox AG, and unnamed family offices.

The company, which has raised over € 28m in funding to date, intends to use the capital to expand operations.

Smartfrog provides a complete home security solution. Starting at €5.95 (£4.95) per month, it includes an app, which allows users to manage up to ten cameras, cam and video storage. Today, one year after the launch, the company has users in over 130 countries, a staff to 60 from 22 countries, and has established several partnerships with e-tailers and retailers such as Amazon, Otto, Mediamarkt and Saturn, as well as Utilities and consumer electronics distributors in Europe.



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