Smart home devices have gained traction in the Benelux region as consumers seek convenience, security, and energy efficiency. With advancements in technology, companies are creating innovative products such as smart thermostats, security cameras, and integrated home systems. Key players include startups and established firms alike, focusing on automation, connectivity, and sustainability. As IoT and artificial intelligence continue to evolve, the market is expected to expand, with increasing demands for user-friendly, reliable solutions that enhance daily living through smart devices. Regional trends indicate a growing embrace of sustainability, guiding product designs towards energy conservation and minimal environmental impact.


The investor landscape for smart home devices in Benelux includes corporate entities, venture capitalists, and private equity firms, each playing a vital role. Key players include institutions like the European Investment Bank, located in Luxembourg, and KPN Ventures from Rotterdam. Operational sizes range from small funds with under ten employees to major firms with thousands of staff. Notably, several investors were founded in 2001 and have actively participated in numerous deals in 2024, signaling robust support for innovation in this sector. Their engagement underscores the region's commitment to transforming homes through technology.


Top 12 Smart Home Devices Investors in Benelux


1. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, founded in 1958, that supports innovation and entrepreneurship throughout Europe. It offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. The EIC provides business acceleration services, networking opportunities, and prizes to foster innovation across different sectors. Notably, the EIC has been involved in transactions such as Wi Charge, which raised funds for innovative charging solutions, and e-peas, which secured funding for energy harvesting technologies that can be crucial for smart home applications. These transactions highlight the EIC's role in supporting advancements that could directly impact the smart home devices market.


2. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg that provides financial services including loans, equity investments, guarantees, and advisory services to support sustainable projects across various sectors. Founded in 1958, EIB serves both public and private organizations seeking funding for initiatives that promote growth and job creation. Among its notable transactions, EIB has invested in Tado°, a company competing in the smart thermostat market, contributing to a $50 million financing round aimed at expanding its service offerings. Additionally, EIB provided €12 million to Kontakt.io to accelerate investment in advanced AI technologies, which supports the development of smart building solutions. These investments highlight EIB's engagement in the smart home devices sector, particularly in technologies that enhance energy efficiency and automation in residential settings.


3. M Ventures

  • Website: m-ventures.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 18
  • LinkedIn: merck-ventures

M Ventures is a venture capital fund based in Amsterdam, Netherlands, founded in 2009. The firm specializes in investing in transformative ideas within the biotechnology and technology sectors, particularly focusing on healthcare, life sciences, and advanced technology. M Ventures collaborates closely with entrepreneurs to drive innovation and growth in their portfolio companies. Notably, M Ventures has participated in several funding rounds that are relevant to the smart home devices industry. For example, they co-invested in Metalenz, a company developing high-performance 3D sensing solutions that are applicable in consumer electronics, including smart home devices. Additionally, their involvement in SynSense, which is advancing neuromorphic computing technology, suggests a focus on innovative technologies that could enhance smart home functionalities. Overall, M Ventures is positioned to support startups that may contribute to the evolution of smart home technologies.


4. Exor N.V.

  • Website: exor.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 26
  • LinkedIn: exor_2

Exor N.V. is a holding company based in Amsterdam, Netherlands, founded in 2009. It operates across various sectors, including automotive, healthcare, and media, and manages a diverse portfolio of companies such as Ferrari, Stellantis, and Philips. Exor focuses on enhancing value through strategic investments and operational support. Notably, Exor has made significant investments in Philips, raising substantial amounts in post-IPO equity, which is relevant to the smart home devices sector as Philips is known for its innovative smart home products. Additionally, Exor participated in seed funding for Bee, a company that may have applications in the smart home context, indicating their interest in emerging technologies that could intersect with smart home devices.


5. Gimv

  • Website: gimv.com
  • Type: Venture Capital
  • Headquarters: Antwerp, Flanders, Belgium
  • Founded year: 1980
  • Headcount: 51-200
  • Number of deals in 2024: 8
  • LinkedIn: gimv

Gimv is a venture capital investment firm based in Antwerp, Flanders, Belgium, founded in 1980. The firm partners with innovative companies across various sectors, including Consumer, Healthcare, Life Sciences, Smart Industries, and Sustainable Cities. Gimv provides investment management and strategic support to help businesses grow sustainably. Notably, Gimv has been involved in significant transactions relevant to the smart home devices industry, such as their investments in GreenPeak Technologies, which focuses on wireless communication technology for smart homes, and Itho Daalderop, which specializes in energy-efficient home solutions. Their recent investment in Onera Health, while primarily in healthcare, showcases their commitment to innovative technologies that can intersect with smart home applications, particularly in health monitoring. Overall, Gimv's diverse portfolio and strategic focus on innovation position them as a relevant investor in the smart home devices sector.


6. Cipio Partners

  • Website: cipiopartners.com
  • Type: Venture Capital
  • Headquarters: Luxembourg
  • Founded year: 2003
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: cipio-partners

Cipio Partners is a venture capital firm based in Luxembourg, founded in 2003, specializing in European growth capital and minority buyouts for technology companies. They focus on providing financial support and strategic guidance to help businesses scale and prepare for liquidity events. Their investment strategy primarily targets technology firms with proven business models and significant revenue, particularly in the software and B2B sectors. Notably, Cipio Partners has invested in Nuki Home Solutions, a company that develops smart locks and home automation solutions, and EnOcean, which produces wireless sensors that are essential for smart home applications. Additionally, they have supported Onzo, an energy data analytics company, which can also play a role in smart home energy management. These investments highlight Cipio Partners' commitment to the technology sector, including the smart home devices industry.


7. imec.xpand

  • Website: imecxpand.com
  • Type: Venture Capital
  • Headquarters: Leuven, Flanders, Belgium
  • Founded year: 2017
  • Headcount: 1-10
  • Number of deals in 2024: 5
  • LinkedIn: imec.xpand

imec.xpand is a venture capital fund based in Leuven, Flanders, Belgium, founded in 2017. The fund specializes in providing investment and operational support to early-stage deep tech companies, particularly in the semiconductor and nanotechnology sectors. imec.xpand aims to foster innovation by leveraging imec's expertise and infrastructure to help startups navigate their development and market challenges. Notably, imec.xpand has participated in several funding rounds for companies that have relevance to the smart home devices sector. For instance, they invested in Onera Health, which has developed a medical-grade sleep diagnostic patch system that can be used at home, indicating a focus on health technology that aligns with smart home applications. Additionally, their investment in Wise Integration, which raised €15 million to support the mass production and commercial deployment of their products, suggests an interest in technologies that could be integrated into smart home solutions. These transactions highlight imec.xpand's potential relevance in the smart home devices industry.


8. KPN Ventures

  • Website: kpnventures.com
  • Type: Venture Capital
  • Headquarters: Rotterdam, South Holland, Netherlands
  • Founded year: 2015
  • Headcount: 1-10
  • Number of deals in 2024: 3
  • LinkedIn: kpn-ventures

KPN Ventures is a venture capital firm based in Rotterdam, South Holland, Netherlands, founded in 2015. The firm focuses on investing in innovative technology companies across various sectors, including Cloud Computing, Cyber Security, and Digital Healthcare. KPN Ventures provides capital, expertise, and networking opportunities to help early-stage companies grow and succeed in their respective markets. Notably, KPN Ventures has made significant investments in the smart home devices sector, including a leading role in the Series A funding round for Minut, a Swedish smart home security startup, which raised $8 million to enhance its product portfolio and expand into 60 countries. They also participated in a Series B funding round for Minut, further solidifying their commitment to the smart home industry. Additionally, KPN Ventures invested in Sensara, a company that offers intelligent senior lifestyle monitoring solutions, indicating their interest in smart technologies that improve home living and care solutions.


9. Pmv

  • Website: pmv.eu
  • Type: Venture Capital
  • Headquarters: Brussels, Brussels, Belgium
  • Founded year: 2001
  • Headcount: 51-200
  • Number of deals in 2024: 11
  • LinkedIn: pmv-eu

Participatiemaatschappij Vlaanderen (PMV) is a public entity that acts as an investment company for the Flemish government, founded in 2001. PMV provides a range of financing solutions, including loans and co-financing, to startups, scale-ups, and established businesses across various sectors such as real estate, clean tech, and life sciences. Notably, PMV has invested in companies like Nobi, which raised €13 million to develop a smart lamp designed for fall detection and prevention in elderly individuals, and Minze Health, which focuses on digital health solutions. These investments highlight PMV's engagement in the smart home devices sector, particularly in technologies that improve safety and health monitoring at home.


10. Spdg


Société anonyme de Participation et de Gestion (Spdg) is a Brussels-based venture capital firm founded in 1977, specializing in managing investments in sustainable development sectors. The firm supports entrepreneurs by building partnerships and providing investment management services, primarily targeting businesses in energy transition, infrastructure, and transport. Notably, Spdg has participated in several transactions relevant to the smart home devices sector, including a $25 million Series C funding round for August Home, a company known for its smart locks and home security solutions. Additionally, Spdg has invested in IOTech, a company focused on open edge computing, which plays a crucial role in the smart home ecosystem by enabling devices to communicate and process data efficiently. These investments highlight Spdg's engagement in the smart home technology space, despite its broader focus on sustainable development.


11. SET Ventures

  • Website: setventures.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2007
  • Headcount: 11-50
  • Number of deals in 2024: 5
  • LinkedIn: setventures

SET Ventures is a venture capital firm based in Amsterdam, Netherlands, founded in 2007. The firm is dedicated to advancing a carbon-free energy system by investing in innovative energy technologies and supporting energy entrepreneurs with capital and insights. Their investment portfolio includes notable transactions such as EnOcean, which raised over $11 million in 2009 and specializes in energy harvesting technology that can be utilized in smart home applications. More recently, they participated in a Series A funding round for vilisto GmbH, a startup focused on smart building solutions, which raised EUR 5 million in July 2023. Additionally, they have been involved in multiple funding rounds for MicoShade, a company that develops smart shading solutions, indicating their interest in technologies that can enhance energy efficiency in buildings. These transactions suggest a potential interest in the smart home devices sector, although their primary focus remains on broader energy solutions.


12. Invest-NL

  • Website: invest-nl.nl
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2020
  • Headcount: 51-200
  • Number of deals in 2024: 17
  • LinkedIn: invest-nl

Invest-NL is an impact investment firm based in Amsterdam, founded in 2020, that focuses on financing sustainable and innovative projects in the Netherlands. They support entrepreneurs with promising plans for societal transitions, particularly in the energy and technology sectors. In 2024, Invest-NL has been involved in several significant transactions, including a $5 million Series A investment in Innatera, which focuses on innovative technology solutions. They also participated in Onera Health's funding rounds, contributing to a total of over €55 million raised, which aims to expedite the development of health technology systems. Additionally, Invest-NL invested €20 million in Fairphone, a sustainable smartphone company, highlighting their commitment to technology that promotes sustainability. These transactions reflect their active role in the technology sector, which may encompass smart home devices.



Smart Home Devices Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
European Investment Bank (EIB)Luxembourg1001-5000195899
M VenturesAmsterdam, North Holland, Netherlands11-50200918
Exor N.V.Amsterdam, North Holland, Netherlands11-50200926
GimvAntwerp, Flanders, Belgium51-20019808
Cipio PartnersLuxembourg11-5020032
imec.xpandLeuven, Flanders, Belgium1-1020175
KPN VenturesRotterdam, South Holland, Netherlands1-1020153
PmvBrussels, Brussels, Belgium51-200200111
SpdgBrussels, Brussels, Belgium11-5019770
SET VenturesAmsterdam, North Holland, Netherlands11-5020075
Invest-NLAmsterdam, North Holland, Netherlands51-200202017


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