May 27, 2015
Last week I wrote a post about a Denver-based company called Notion that’s made it their mission to bring a heightened level of consciousness to your home. Childhood friends Brett Jurgens and Ryan Margoles – CTO – built the device in response to one question: why can’t your home tell you more about what’s happening to it?
The Techstars Boulder company today announced that they have raised $2 million from Draper Nexus Ventures ‘Networks of things’ fund, Gabriel Investments, Galvanize Ventures, FG Angels, and Techstars. As Jurgens says, the additional funding will help to support their launch, expand their sales and marketing teams, and bring an elevated level of home awareness to peoples’ homes.
“We are thrilled to be the lead investor in Notion’s oversubscribed seed round and can’t wait to see the impact of this game changing team in the red-hot home awareness space,” says Salil Pradhan, Draper Nexus Venture’ “Network of things” fund. “While others are focused on smart appliances, Notion works to make your existing home and its appliances smart.”
Notion saw their Kickstarter campaign raise $281,655 from over 1,300 backers in October 2014, and they’ve been working hard to start shipping their products for this summer.
“As experienced investors in the IoT space, we realize the difficulties of building both hardware and software. The team at Notion is highly capable and has been impressive to watch,” says Kate Shillo, Galvanize Ventures Director. “We’re thrilled to be a partner and are excited to watch them continue giving homes everywhere innovative technology.”
Using a just a single, extremely powerful sensor, Notion can detect hundreds of different household events like water heater leaks, garage door monitoring, liquor or gun cabinets opening, or if the lights are left on in the living room. The small, multi-function sensor can easily be placed anywhere and moved to new locations at any time.
The Notion device sends alerts via email, text, or push notifications and users have the option to send them directly to family members, friends, or neighbors to ensure critical events are not left unattended to. Notion gets smarter over time too as it starts to recognize how you live your life.
“Your car has been able to tell you information for years. Wearables are starting to be able to tell you great information about your body and your health. Why can’t your home tell you anything? That’s the problem we’re solving and we are thrilled to have such supportive and knowledgeable partners,” says Jurgens, CEO and cofounder. “With this round we’ve truly added an incredible and diverse knowledge base of experienced technology investors.”
Image Credit: Notion Facebook page
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