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Simplisafe Raises An Incremental $130M In Growth Funding To Continue To Transform The Home Security Market

Apr 13, 2021about 4 years ago

Amount Raised

$130 Million

Boston

Description

SimpliSafe®, creator of award-winning home security solutions, today announced it has raised $130 million in growth funding. The company continues to transform the category and prove the success of its business model, projecting to grow at a rate of more than 30 percent and exceed $400 million in annualized recurring revenue during the course of this year.

Company Information

Company

Simpli Safe

Location

Boston, Massachusetts, United States

About

SimpliSafe fundamentally changed the alarm industry, pioneering a new way to make home the safest place on earth for everyone. Founded in 2006, SimpliSafe now protects millions of people and is committed to its founding goal: to make every home secure. SimpliSafe has been coined the number one home security pick by a number of highly-esteemed publications, and was named "Best Home Security System of 2020" by U.S. News & World Report.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech