Minut, a Malmoe, Sweden-based creator of a sensor that monitors noise, occupancy, motion and temperature in vacation rental properties, raised $14m in Series B funding round.
The round was led by Almaz Capital with participation from Zenith, Kompas, Verve Ventures, Swiss Immo Lab, and previous backers Karma, SOSV’s HAX and KPN Ventures.
The company intends to use the funds to continue expanding its presence globally and adding new integrations with various property management solutions.
Led by Nils Mattisson, co-founder and CEO, Minut provides a sensor that monitors noise, occupancy, motion and temperature in vacation rental properties.
Thanks to machine learning and AI, with on-device computing capabilities, the Minut sensor can analyse the sound volume and events without streaming audio recordings to the cloud. This way, it provides accurate and timely data while respecting the privacy of guests.
The company has established partnerships with multiple players in the rental industry, including Airbnb and Kasa Living who now recommends the solution to hosts and now has tens of thousands of devices in operation in over 100 countries and offices in the US, UK, Sweden, France and Spain.
FinSMEs
31/03/2022