Facts
- HQ
- Seattle
- Sectors
- Smart home, Hardware, Home automation
- Total raised
- $38.2M SEC Form D filings Total of this company's SEC Form D filings
- Last round
- $3.4M · Jun 2024 SEC Form D
Deako Lighting Raises $3.4M Convertible Note to Expand Smart Light Switch Market Presence in 2024
Deako Lighting raised $3.4 million in a convertible note to expand its smart light switch product offerings and scale operations amid growing market demand. The Seattle-based startup's technology is now used in one out of every eight newly constructed single-family homes in the U.S.
Seattle Startup Deako Raises $13.4M, Total Funding $49.7M to Expand Smart Light Switch Technology
Seattle-based smart light switch maker Deako raised $13.4 million in new funding, bringing total investment to $49.7 million. Founded in 2015, Deako's technology enables smart home lighting integration using existing wiring and is growing despite a volatile housing market.
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.
People
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Derek Richardson Founder, Executive Officer, Director
