The smart home industry in Benelux focuses on technology that automates home functions for improved living experiences. Companies range from established tech firms to innovative startups, offering products like intelligent lighting systems, smart security solutions, and energy management devices. Over recent years, the market has thrived with an increase in consumer interest in sustainability and convenience. Notably, the integration of AI and IoT has spurred the development of more advanced smart home technologies. As the market matures, collaboration among startups and larger corporations is expected to accelerate growth, potentially changing how we interact with our living spaces.

The investors listed here vary in type, from venture capital to corporate entities, all focusing on the smart home sector in Benelux. Headquartered in strategic locations like Amsterdam and Luxembourg, these investors range from small firms with less than 10 employees to large organizations boasting thousands of staff. Established between 1958 and 2017, they collectively engaged in 2024 with significant deal counts across the industry, showcasing their active participation in financing the future of smart home innovations. The spectrum of investments reflects a strong belief in this sector’s promising growth potential.

Top 15 Smart Home Investors in Benelux

1. European Innovation Council (EIC)

• Website: eic.ec.europa.eu
• Type: Corporate
• Headquarters: Brussels, Brussels, Belgium
• Founded year: 1958
• Headcount: 201-500
• Number of deals in 2024: 57
• LinkedIn: european-innovation-council-eic

The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship throughout Europe. Founded in 1958, the EIC offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. The EIC also provides business acceleration services, networking opportunities, and prizes to foster innovation across different sectors. Notably, the EIC has been involved in transactions relevant to the smart home context, such as its participation in the funding rounds for Indoor Robotics, which raised $15 million in Series A funding for its Tando drone, a fully autonomous indoor drone designed for building security and monitoring. This involvement highlights the EIC's commitment to supporting innovative technologies that can enhance smart home solutions. Additionally, the EIC has provided grants to companies like EZMEMS, which may also contribute to advancements in smart home technologies.

2. European Investment Bank (EIB)

• Website: eib.org
• Type: Corporate
• Headquarters: Luxembourg
• Founded year: 1958
• Headcount: 1001-5000
• Number of deals in 2024: 99
• LinkedIn: european-investment-bank

The European Investment Bank (EIB) is a public entity based in Luxembourg, established in 1958, that provides financial services including loans, equity investments, guarantees, and advisory services to support sustainable projects across various sectors. EIB's clientele includes both public and private organizations seeking funding for initiatives that promote growth and job creation. Among its notable transactions, EIB invested in Tado°, a European competitor to Nest, contributing to a $50 million financing round aimed at expanding Tado's service offerings in the smart home market. Additionally, EIB provided €12 million to Kontakt.io to accelerate investment in advanced AI technologies, which are crucial for enhancing smart building capabilities. These investments highlight EIB's engagement in the smart home sector, particularly in technologies that improve energy efficiency and user experience in smart environments.

3. Rockstart

• Website: rockstart.com
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, Netherlands
• Founded year: 2011
• Headcount: 11-50
• Number of deals in 2024: 16
• LinkedIn: rockstart

Rockstart is a startup accelerator and investment firm based in Amsterdam, Netherlands, founded in 2011. They empower early-stage founders in sectors like AgriFood, Energy, and Emerging Technology by providing investment, mentorship, and networking opportunities to help startups scale and succeed. Rockstart's business model focuses on supporting purpose-driven entrepreneurs to drive positive change. Among their notable transactions, they have invested in Tinybots, a company that develops robots for home assistance, which aligns with the smart home industry. Other investments include eGEO, Hero Balancer, Bundles, and Geolumen, although these may not directly relate to smart home technologies, they showcase Rockstart's active engagement in innovative sectors.

4. InnoEnergy

• Website: innoenergy.com
• Type: Venture Capital
• Headquarters: Eindhoven, North Brabant, Netherlands
• Founded year: 2010
• Headcount: 201-500
• Number of deals in 2024: 52
• LinkedIn: innoenergy

EIT InnoEnergy is a not-for-profit organization founded in 2010, based in Eindhoven, North Brabant, Netherlands, dedicated to accelerating sustainable energy innovations. It serves as a marketplace for energy solutions, offering training programs and support for innovators and corporates in the energy sector. InnoEnergy collaborates with various stakeholders to tackle challenges related to energy transition and sustainability. Notably, InnoEnergy has been involved in several transactions that, while primarily focused on energy, have implications for smart home technologies. For instance, their investment in Ngenic, which raised over $6.8 million in Post-IPO equity, suggests a focus on energy management solutions that could be integrated into smart home systems. Additionally, their participation in Betterspace's Series A funding round, which raised approximately $3.3 million, indicates an interest in smart building technologies. Other investments, such as those in Verv and Solarworx, further highlight their commitment to renewable energy solutions, which are increasingly relevant in the context of smart homes that prioritize energy efficiency and sustainability.

5. Cvc

• Website: cvc.com
• Type: Private Equity
• Headquarters: Luxembourg
• Founded year: 2005
• Headcount: 1001-5000
• Number of deals in 2024: 16
• LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent investment firm founded in 2005, specializing in private equity, credit, secondaries, and infrastructure. With approximately €193 billion in assets under management for over 1000 clients, including pension funds and institutional investors, CVC focuses on delivering sustainable value and growth through strategic investments. Notably, CVC has made significant investments in companies that intersect with smart home technology. For instance, their acquisition of Wireless Logic in 2015 highlights their engagement in the M2M managed services sector, which is crucial for the connectivity of smart home devices. Additionally, their investment in Gridspertise, a company involved in smart grid solutions, further emphasizes their interest in technologies that can enhance smart home capabilities. While not exclusively focused on the smart home industry, CVC's portfolio includes relevant transactions that align with the growth of smart home technologies.

6. 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 multiple sectors, including Consumer, Healthcare, Life Sciences, Smart Industries, and Sustainable Cities. Gimv provides investment management and strategic support to help businesses grow sustainably. Their clientele primarily consists of entrepreneurial companies seeking capital and expertise to navigate market challenges. Notably, Gimv has been involved in significant transactions relevant to the smart home industry, such as their investments in GreenPeak Technologies, which focuses on connectivity solutions for smart homes, and their acquisition of Itho Daalderop, which specializes in energy-efficient home solutions. Additionally, their acquisition of Smart Battery Solutions GmbH indicates a focus on technologies that can enhance smart home applications through advanced battery systems.

7. 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, focusing on startups in healthcare, life sciences, and advanced technology. M Ventures provides funding and strategic guidance to help these startups achieve commercial success. Notably, M Ventures has participated in several transactions that have implications for the smart home industry. For instance, their investment in Metalenz, a company that develops high-performance 3D sensing solutions, is particularly relevant as these technologies can be integrated into smart home devices for enhanced functionality. Additionally, their involvement in Neurable, which is working on brain-computer interfaces, highlights their interest in innovative technologies that could redefine user interactions with smart home systems. Overall, M Ventures is committed to driving innovation and growth in its portfolio companies, making it a noteworthy player in the technology investment landscape.

8. 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 provide financial support and strategic guidance to help businesses scale and prepare for liquidity events. Their focus is primarily on 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 Onzo, a London-based energy data analytics firm that plays a role in smart home energy management. These investments highlight their engagement in the smart home industry, alongside their broader technology investment strategy.

9. 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 been involved in significant transactions related to Philips, which raised substantial funds through post-IPO equity rounds in 2023 and 2025. Philips is known for its innovations in smart home technology, particularly in health and wellness products. Additionally, Exor participated in funding rounds for Norbert Health, a company that develops contactless vital sign scanning technology, which has potential applications in smart home health monitoring. These transactions highlight Exor's engagement in sectors that align with smart home innovations.

10. 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 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 invested in Sensara, a company specializing in intelligent senior lifestyle monitoring, which raised €3.8 million to scale its operations and product development. These transactions highlight KPN Ventures' active participation in the smart home industry, making them a relevant investor in this space.

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 both 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 for smart devices, and vilisto GmbH, a Hamburg-based startup that raised EUR 5 million in 2023, focusing on smart building solutions that enhance energy efficiency. Additionally, SET Ventures has invested in MicoShade, a company that has raised multiple rounds of funding for its smart shading solutions, which can be integrated into smart home systems to optimize energy use and comfort. These investments highlight SET Ventures' commitment to supporting technologies that align with the smart home sector, particularly in energy management and automation.

12. 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 firm specializes in providing investment and operational support to early-stage deep tech companies, particularly in the semiconductor and nanotechnology sectors. They leverage 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 like Onera Health, which is focused on revolutionizing sleep diagnostics with at-home medical-grade sleep diagnostic systems. This aligns with smart home technology as it pertains to health monitoring in a home environment. Additionally, their investment in Wise Integration, which raised €15 million in a Series B funding round, indicates their interest in innovative solutions that could be applicable in smart home contexts, such as energy management and smart devices. Overall, imec.xpand's focus on deep tech and their involvement in health-related technologies suggest a potential relevance to the smart home sector.

13. Spdg

• Website: spdg.be
• Type: Venture Capital
• Headquarters: Brussels, Brussels, Belgium
• Founded year: 1977
• Headcount: 11-50
• LinkedIn: spdg-soci%c3%a9t%c3%a9-anonyme-de-participation-et-de-gestion

Société anonyme de Participation et de Gestion (Spdg) is a Brussels-based venture capital firm founded in 1977, focusing on 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 industry, including a $25M Series C funding round for August Home, a company known for its smart lock technology. Additionally, Spdg has invested in IOTech, a company specializing in open edge computing, which is crucial for the development of smart home technologies. Their investment in IOTech also highlights their commitment to supporting innovative solutions that enhance smart home capabilities. Overall, Spdg's investment portfolio reflects a strategic interest in technologies that can contribute to the smart home ecosystem.

14. 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 been involved in significant transactions within the smart home context, including a €13 million funding round for Nobi, a Belgian scaleup known for its smart lamp designed for fall detection and prevention in the elderly. Additionally, PMV participated in funding rounds for Minze Health, which focuses on digital health solutions, further indicating its engagement in technology that can be integrated into smart home systems. PMV also offers consulting services to help businesses navigate investment challenges and achieve sustainable growth.

15. Prosus Group

• Website: prosus.com
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, Netherlands
• Founded year: 2019
• Headcount: 10001+
• Number of deals in 2024: 21
• LinkedIn: prosus-group

Prosus Group is a global technology investor and operator based in Amsterdam, Netherlands, founded in 2019. The firm focuses on enhancing everyday life through technology across various sectors, including online classifieds, food delivery, payments, and education technology, serving over two billion customers worldwide. Prosus partners with local entrepreneurs to create valuable products and services, fostering community growth and sustainable business practices. Notably, Prosus has been involved in significant transactions such as Urban Company's funding rounds, which raised substantial amounts for home service solutions, and FiberSense, which focuses on advanced sensing technologies. These investments reflect Prosus's interest in technology that can improve everyday living, potentially aligning with smart home innovations.

Smart Home Insights: Key Investors in Benelux

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