SimpliSafe, a Boston, MA-based provider of home security solutions, raised over USD200M in funding.
This funding was provided by the affiliates of Capital One, N.A., HPS Investment Partners, Owl Rock [a division of Blue Owl] and Eastern Bank.
The company intends to use the funds to invest in its workforce, hiring across the business, in the the technology and professional monitoring capabilities that can improve the safety and security of its customers, and refinance its existing facilities.
Led by CEO Christian Cerda, SimpliSafe provides home security solutions, which now protect millions of people. The company recently innovated its product suite, launching a Wireless Outdoor Camera, and created an owned-and-operated professional monitoring center in Richmond, VA.
Last year, SimpliSafe surpassed its projection of $400 million in annualized recurring revenue (ARR).
FinSMEs
08/05/2022