What is Level Home?
Level Home is at the forefront of the smart home revolution, specializing in the development of discreet technology that enhances the user experience without compromising on design. Based in Redwood City, California, the company's core mission is to make smart home technology feel invisible, focusing on elegant solutions that simplify daily routines. Their flagship product, the Level Lock, offers a range of smart locks, including the compact Level Lock, Touch Edition, and the groundbreaking Level Bolt, which retrofits standard deadbolts into connected devices. This approach targets consumers seeking advanced home automation that is both powerful and unobtrusive, setting Level Home apart in a market often characterized by visible and complex installations.
How much funding has Level Home raised?
Level Home has raised a total of $171M across 2 funding rounds:
Other Financing Round
$71M
Series C
$100M
Other Financing Round (2019): $71M with participation from Walmart, Lennar Homes, and Hut 8 Ventures
Series C (2021): $100M led by Cox and Walmart
Key Investors in Level Home
Walmart
Walmart, a global retail giant, provides strategic investment and market access, leveraging its extensive retail footprint and e-commerce operations to support Level Home's growth and distribution.
Cox
Cox, a prominent telecommunications and media company, likely contributes expertise in connectivity, smart home integration, and potentially distribution channels within the residential technology sector.
Lennar Homes
Lennar Homes, a major homebuilder, represents a key strategic partner, indicating Level Home's focus on integrating smart technology directly into new residential constructions.
What's next for Level Home?
With the recent infusion of major strategic investment, Level Home is poised to expand its market presence and further innovate its product line. The company's focus on invisible technology and software integration suggests a strategic push towards deeper ecosystem development and potentially new product categories within the smart home landscape. This significant capital injection will likely fuel research and development, enhance manufacturing capabilities, and bolster marketing efforts to reach a broader consumer base. The ongoing support from key investors, including major retail and technology entities, signals confidence in Level Home's long-term vision and its potential to capture a substantial share of the evolving smart home market.
See full Level Home company page
