The smart home devices industry in the US focuses on innovative technologies that enhance daily living. Companies create interconnected products like smart thermostats, security cameras, and energy management systems. This sector combines traditional home devices with advanced technology to improve comfort, security, and efficiency. With a surge in energy-efficient solutions and AI enhancements, the industry is poised for rapid growth. Consumer demand for convenience and increased connectivity continues to drive innovation, resulting in smarter, more responsive systems that adapt to user preferences. As this trend solidifies, new products are expected to integrate seamlessly, offering transformative experiences to homeowners.

This article highlights 15 notable investors that shape the smart home devices market. The list includes venture capital firms and corporate investors, hailing from influential hubs in California, New York, and Washington. Founded across several decades, these firms have varying sizes, from small teams to large entities, each contributing significantly to the industry. In 2024 alone, they collectively completed over 1,000 investments, illustrating their active engagement in supporting innovative technologies. Their portfolios reflect a keen interest in early-stage startups that enhance home automation and energy efficiency, ensuring they're well-placed in this rapidly evolving market.

Top 15 Smart Home Devices Investors in the US

1. Y Combinator

• Website: ycombinator.com
• Type: Venture Capital
• Headquarters: San Francisco, California, United States (USA)
• Founded year: 2005
• Headcount: 51-200
• Number of deals in 2024: 802
• LinkedIn: y-combinator

Y Combinator is a prominent startup accelerator and venture capital firm based in San Francisco, California, founded in 2005. It provides funding and mentorship to early-stage technology companies, helping entrepreneurs launch and grow their businesses through structured programs, resources like the Startup School, and co-founder matching services. Y Combinator has successfully launched over 4,000 startups, making it a key player in the technology startup ecosystem. Among its notable investments, Y Combinator has backed companies in the smart home devices space, such as Kuna, which raised $120,000 in a seed round for its smart home security solutions, and Senic, which raised $120,000 in a seed round for its smart home interface technology. These transactions highlight Y Combinator's involvement in the smart home sector, alongside its broader investment strategy across various technology domains.

2. Sosv

• Website: sosv.com
• Type: Venture Capital
• Headquarters: United States (USA)
• Founded year: 1995
• Headcount: 51-200
• Number of deals in 2024: 170
• LinkedIn: sosv

SOSV is a venture capital firm founded in 1995, specializing in funding and supporting deep tech startups through its development programs. With a global reach, SOSV connects innovative companies with investors, providing not only venture capital investment but also resources to help startups grow and succeed. In the context of smart home devices, SOSV has been involved in funding Flair, a San Francisco-based smart energy startup. Flair raised a total of $7.6 million in Series A funding in September 2022, with SOSV participating alongside other notable investors. Additionally, Flair has received funding in various rounds, including a seed round and convertible notes, indicating SOSV's ongoing support for innovations in the smart home sector, particularly those focused on energy efficiency and management.

3. Intel Capital

• Website: intelcapital.com
• Type: Venture Capital
• Headquarters: Santa Clara, California, United States (USA)
• Founded year: 1991
• Headcount: 11-50
• Number of deals in 2024: 23
• LinkedIn: intelcapital

Intel Capital is a venture capital firm based in Santa Clara, California, founded in 1991. The firm specializes in investing in early-stage technology companies, with a focus on areas such as AI, cloud computing, and semiconductor technologies. Intel Capital provides funding, strategic support, and access to Intel's extensive resources to help startups scale and innovate within the tech ecosystem. Among their notable transactions, Intel Capital has invested in IOTAS, which raised funds to enhance its Enterprise SaaS platform for Smart Communities, and Deep Sentinel, a company that raised $15 million to develop smart home security solutions. These investments highlight Intel Capital's active role in the smart home devices sector, alongside their broader technology investment strategy.

4. 500 Global

• Website: 500.co
• Type: Venture Capital
• Headquarters: San Francisco, California, United States (USA)
• Founded year: 2010
• Headcount: 201-500
• Number of deals in 2024: 98
• LinkedIn: 500-startups

500 Global is a venture capital firm and startup accelerator based in San Francisco, California, founded in 2010. The firm specializes in investing in early-stage technology companies, providing not only funding but also mentorship and resources to help founders scale their businesses. With a focus on innovative startups, 500 Global has been involved in several transactions relevant to the smart home devices industry. Notable investments include Haiven Home, which raised $150,000 in 2017, and OhmConnect, which received funding in both its Seed Round in 2013 and Series B in 2020. These investments highlight 500 Global's commitment to supporting companies that are developing solutions for home automation and energy efficiency, key aspects of the smart home market. Additionally, their investment in Fluent.ai, which focuses on voice recognition technology, further emphasizes their interest in technologies that can enhance smart home experiences.

5. Plug and Play Tech Center

• Website: plugandplaytechcenter.com
• Type: Venture Capital
• Headquarters: Sunnyvale, California, United States (USA)
• Founded year: 2006
• Headcount: 501-1000
• Number of deals in 2024: 253
• LinkedIn: plug-and-play-tech-center

Plug and Play Tech Center is an innovation hub and venture capital firm based in Sunnyvale, California, founded in 2006. They connect startups with corporations to foster growth and innovation, offering various programs including accelerator initiatives and investment opportunities. In 2024 alone, they made 253 investments, showcasing their active role in the venture capital landscape. Notably, they have invested in companies relevant to the smart home devices sector, such as Scout Security, which raised funds in 2014 and focuses on home security solutions. Other relevant transactions include Tochtech and MiiCare, both of which raised funds in 2024, indicating Plug and Play's ongoing commitment to supporting innovations in the smart home technology space. Their model emphasizes facilitating partnerships and providing resources to enhance business development, making them a significant player in the smart home devices investment arena.

6. Deep Tech Fund (an Alumni Ventures Fund)

• Website: av.vc
• Type: Venture Capital
• Headquarters: Manchester, New Hampshire, United States (USA)
• Founded year: 2023
• Headcount: 51-200
• Number of deals in 2024: 258
• LinkedIn: deep-tech-fund-av-focused-fund

The Deep Tech Fund (an Alumni Ventures Fund) is a venture capital firm based in Manchester, New Hampshire, founded in 2023. It provides accredited investors and institutions with access to professionally-managed, diversified venture portfolios. With a network of over 10,000 investors, the firm focuses on connecting them with high-quality investment opportunities in the startup ecosystem. The fund has been involved in notable transactions in the smart home devices sector, including investments in Deako, a startup specializing in smart light switches, and Kangaroo, a home security company. These investments highlight the fund's commitment to the smart home technology space, alongside its broader investment strategy.

7. Hax

• Website: hax.co
• Type: Venture Capital
• Headquarters: San Francisco, California, United States (USA)
• Founded year: 2012
• Headcount: 11-50
• Number of deals in 2024: 55
• LinkedIn: hax

Hax is a venture capital firm and startup incubator based in San Francisco, California, founded in 2012. They specialize in supporting hard tech startups by providing funding, engineering support, and access to manufacturing resources. Hax's program is designed to accelerate the growth of early-stage companies, particularly those innovating in sustainability, climate, and health. Notably, Hax has been involved in several funding rounds for Flair, a smart energy startup, including a Seed Round in 2019, a Convertible Note in 2017, and a Series A funding round in 2022, where Flair raised $7.6 million. These transactions highlight Hax's commitment to investing in technologies that enhance energy efficiency and sustainability, which are critical components of the smart home devices industry.

8. New Enterprise Associates (NEA)

• Website: nea.com
• Type: Venture Capital
• Headquarters: Menlo Park, California, United States (USA)
• Founded year: 1977
• Headcount: 51-200
• Number of deals in 2024: 57
• LinkedIn: new-enterprise-associates

New Enterprise Associates (NEA) is a prominent venture capital firm based in Menlo Park, California, founded in 1977. NEA specializes in investment management and advisory services for startups, particularly in technology and healthcare sectors. The firm is known for its collaborative approach, partnering with entrepreneurs to provide funding and strategic guidance. Among their notable investments in the smart home devices context are Sengled, which raised $30 million in 2010 for its innovative smart lighting solutions, and Ketra, which focuses on advanced lighting technology. These transactions highlight NEA's engagement in the smart home devices industry, showcasing their ability to identify and support companies that are shaping the future of home automation and smart living.

9. U.S. Department of Energy (DOE)

• Website: energy.gov
• Type: Corporate
• Headquarters: Washington, D.C., District Of Columbia, United States (USA)
• Founded year: 1977
• Headcount: 10001+
• Number of deals in 2024: 597
• LinkedIn: u-s--department-of-energy

The United States Department of Energy (DOE) is a public entity established in 1977, responsible for overseeing national energy policy, energy production, and nuclear power research. It serves various stakeholders, including government entities and the public, by providing guidance on energy efficiency, funding opportunities, and conducting research to address energy challenges. In recent years, the DOE has been involved in several transactions that support the development of smart home technologies. For instance, it provided $1.5 million in grants to Tynt Technologies, which focuses on energy efficiency solutions. Additionally, the DOE awarded grants to Blip Energy and Harvest Thermal, amounting to $1,100,000 and $2,000,000 respectively, to support their innovative energy solutions. These transactions highlight the DOE's role in fostering advancements in energy efficiency that are crucial for the smart home devices sector.

10. Qualcomm Ventures

• Website: qualcommventures.com
• Type: Venture Capital
• Headquarters: San Diego, California, United States (USA)
• Founded year: 2000
• Headcount: 10001+
• Number of deals in 2024: 18
• LinkedIn: qualcomm-ventures

Qualcomm Ventures is a venture capital firm based in San Diego, California, founded in 2000. The firm specializes in investing in early to growth stage technology companies, particularly within the wireless ecosystem. They provide capital and strategic support to startups across various sectors, including automotive, digital health, and IoT. Notably, Qualcomm Ventures has made significant investments in the smart home devices sector, including a Series D investment in Ring, a leading video doorbell company, and a Series C investment in August Home, which develops smart locks and home access solutions. Additionally, they participated in funding rounds for LIFX, a smart lighting company, and eero, which focuses on home Wi-Fi systems. These transactions highlight Qualcomm Ventures' commitment to supporting innovation in the smart home technology space.

11. Amazon

• Website: amazon.com
• Type: Corporate
• Headquarters: Seattle, Washington, United States (USA)
• Headcount: 10001+
• Number of deals in 2024: 37
• LinkedIn: amazon

Amazon.com, Inc. is a multinational technology company based in Seattle, Washington, primarily known for its e-commerce platform. Founded in 1994, Amazon has expanded its services to include cloud computing, online advertising, digital streaming, and artificial intelligence. In the smart home devices sector, Amazon has made notable investments, including the acquisition of Ring for $1 billion in 2018, which specializes in connected video doorbells. Additionally, Amazon has been involved in funding rounds for ecobee, a company that develops smart thermostats and other home automation technologies, participating in their Series B and C funding rounds. These activities highlight Amazon's commitment to enhancing its smart home product offerings and integrating them into its broader ecosystem.

12. Accel

• Website: accel.com
• Type: Venture Capital
• Headquarters: Palo Alto, California, United States (USA)
• Founded year: 1983
• Headcount: 51-200
• Number of deals in 2024: 101
• LinkedIn: accel-vc

Accel is a venture capital firm founded in 1983, based in Palo Alto, California, specializing in investing in startups and early-stage companies primarily in the technology sector. With a global presence that includes offices in San Francisco, London, India, and China, Accel has a diverse portfolio. Notably, they have invested in HelloTech, a company focused on providing smart home services, participating in multiple funding rounds including a $12.5M Series A and earlier seed rounds. This involvement highlights Accel's engagement in the smart home devices market, alongside other technology investments such as Borqs Technologies, which develops autonomous products. Their broad investment strategy includes a focus on innovative technology solutions, making them a relevant player in the smart home devices sector.

13. Tiger Global

• Website: tigerglobal.com
• Type: Venture Capital
• Headquarters: New York, New York, United States (USA)
• Founded year: 2001
• Headcount: 51-200
• Number of deals in 2024: 25
• LinkedIn: tiger-global-management

Tiger Global Management, LLC is a prominent investment firm based in New York, specializing in both public and private equity investments. Founded in 2001, the firm manages approximately $50 billion and focuses on innovative companies leveraging technology. Their client base includes institutional investors and high-net-worth individuals seeking expert investment management and advisory services. Notably, Tiger Global has participated in significant funding rounds for companies like Humane, which raised $100 million in Series C funding in 2023, and $100 million in Series B funding in 2021. These investments indicate their interest in cutting-edge technology, which could encompass smart home devices. Additionally, their participation in the Series B funding for Fleetsmith, a provider of automated device management, further highlights their engagement in technology sectors that may intersect with smart home solutions.

14. Kleiner Perkins

• Website: kleinerperkins.com
• Type: Venture Capital
• Headquarters: Menlo Park, California, United States (USA)
• Founded year: 1972
• Headcount: 11-50
• Number of deals in 2024: 38
• LinkedIn: kleiner-perkins

Kleiner Perkins is a venture capital firm based in Menlo Park, California, founded in 1972. The firm specializes in investing in early-stage and growth companies, providing both capital and strategic support to entrepreneurs. With a focus on technology and life sciences, Kleiner Perkins has backed over 900 ventures, establishing itself as a key player in the venture capital landscape. Notably, they have made significant investments in the smart home devices sector, including early funding rounds for Nest Labs, a pioneer in smart thermostats and home automation, and Ring, known for its connected video doorbell technology. Additionally, they invested in Nanoleaf, which specializes in smart lighting solutions. These transactions highlight Kleiner Perkins' commitment to advancing smart home technologies and their role in shaping the future of home automation.

15. FJ Labs

• Website: fjlabs.com
• Type: Venture Capital
• Headquarters: New York, New York, United States (USA)
• Founded year: 2015
• Headcount: 11-50
• Number of deals in 2024: 169
• LinkedIn: fj-labs

FJ Labs is a venture capital firm based in New York, founded in 2015, that specializes in investing in marketplace and network effect businesses. With a portfolio of over 1,000 companies, many achieving unicorn status, FJ Labs provides capital and strategic guidance to entrepreneurs across various industries, including e-commerce and logistics. Notably, they have participated in transactions such as Zero Homes, which raised funds in 2023 and is likely involved in smart home technology. Their investment in Reebelo, a tech marketplace, also reflects their engagement in technology sectors that could intersect with smart home devices. Overall, FJ Labs' diverse investment approach positions them as a potential player in the smart home devices market.

Smart Home Devices Insights: Key Investors in the US

Investor	Headquarter	Size	Founded	Deals 2024
Y Combinator	San Francisco, California, United States (USA)	51-200	2005	802
Sosv	United States (USA)	51-200	1995	170
Intel Capital	Santa Clara, California, United States (USA)	11-50	1991	23
500 Global	San Francisco, California, United States (USA)	201-500	2010	98
Plug and Play Tech Center	Sunnyvale, California, United States (USA)	501-1000	2006	253
Deep Tech Fund (an Alumni Ventures Fund)	Manchester, New Hampshire, United States (USA)	51-200	2023	258
Hax	San Francisco, California, United States (USA)	11-50	2012	55
New Enterprise Associates (NEA)	Menlo Park, California, United States (USA)	51-200	1977	57
U.S. Department of Energy (DOE)	Washington, D.C., District Of Columbia, United States (USA)	10001+	1977	597
Qualcomm Ventures	San Diego, California, United States (USA)	10001+	2000	18
Amazon	Seattle, Washington, United States (USA)	10001+		37
Accel	Palo Alto, California, United States (USA)	51-200	1983	101
Tiger Global	New York, New York, United States (USA)	51-200	2001	25
Kleiner Perkins	Menlo Park, California, United States (USA)	11-50	1972	38
FJ Labs	New York, New York, United States (USA)	11-50	2015	169

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