Deako Lighting raises $12.5M Series B as its plug-and-play smart switches land deal with D.R. Horton and commits to 1-in-8 new U.S. homes

Seattle smart-home startup Deako Lighting raised $12.5 million in a Series B to expand its plug-and-play smart light switches that work with existing wiring; the company says it has commitments to install in 1 of every 8 new U.S. single-family homes and signed a deal with D.R. Horton. Deako is adding two markets per week, reporting double-digit monthly compounded revenue growth, plans to double its 25-person team this year, and cites housing and pandemic-driven personalization tailwinds.

DDerek Richardson DDeako