ConnectedYard, a Palo Alto, CA-based provider of Internet of Things (IoT) pool care product, closed a $7m Series A financing.
Backers included Playground Global, Tandem Capital and Lonza, a supplier of water treatment portfolio to the pharmaceutical, biotech and specialty ingredients markets, wich will become ConnectedYard’s strategic market partner.
The company intends to use the funds to accelerate investment in its technology, grow its customer base and scale the business.
Led by Co-Founder and CEO Justin Miller, ConnectedYard provides the pHin, a smart water care solution, combining a bluetooth and WiFi-enabled water monitor along with a mobile app, for pool and hot tub care.
The company also plans to expand to everyday components involved in outdoor living.