The smart home devices industry in DACH focuses on technology solutions for enhancing residential living. Companies in this space offer products like smart lighting, home security systems, energy management devices, and home automation. Consumers are increasingly seeking ways to improve their home efficiency and security, driving demand for innovative solutions. Trends suggest a growing emphasis on sustainability and energy efficiency, as smart devices integrate with renewable energy sources. In addition, advancements in AI and connectivity promise to make these devices more intuitive and user-friendly, paving the way for a smarter, more interconnected home life.


The investors listed here reflect a mix of venture capital firms, corporate backers, and impact-focused entities across the DACH region. With headquarters in cities like Zurich, Munich, and Berlin, these investors range from small teams to large organizations, having been founded between 1995 and 2014. In total, they participated in various investment rounds in 2024, averaging around 11 deals each, showcasing their commitment to fostering technological innovation in the smart home devices sector. This group offers various funding sizes tailored to startups aiming for impactful growth in this thriving market.


Top 17 Smart Home Devices Investors in DACH


1. Sictic

  • Website: sictic.ch
  • Type: Venture Capital
  • Headquarters: Zurich, Zurich, Switzerland
  • Founded year: 2014
  • Headcount: 201-500
  • Number of deals in 2024: 77
  • LinkedIn: sictic

SICTIC is a not-for-profit organization based in Zurich, Switzerland, founded in 2014. It connects smart money investors with innovative Swiss early-stage technology startups, providing investment opportunities, networking events, and educational resources to facilitate the growth of startups and the investment community. In 2024, Sictic has been involved in 77 investments, including notable transactions such as AVA and MOOST, which raised undisclosed amounts in venture rounds. They also participated in the seed funding of LEDCity, which raised $2,000,000, and Algorized, which raised $4,300,000. Although the specific focus on smart home devices is not explicitly stated in their transactions, their overall investment strategy aligns with the technology sector, which encompasses smart home innovations.


2. Swisscom Ventures


Swisscom Ventures is a Zurich-based venture capital firm founded in 2007, specializing in investments in high-potential technology startups. With a team size of 11-50, they provide not only financial support but also strategic advisory services to help startups access technical infrastructure and market channels. Swisscom Ventures operates across various technology sectors, including AI and Fintech, but has also shown a commitment to the smart home devices industry. Notably, they participated in the funding rounds of MyStrom, a company known for its smart home solutions, and SecuriThings, which focuses on automating security for smart devices. Their involvement in these transactions highlights their interest in empowering innovative companies within the smart home sector, making them a relevant player in this investment category.


3. Verve Ventures

  • Website: verve.vc
  • Type: Venture Capital
  • Headquarters: Zurich, Zurich, Switzerland
  • Founded year: 2010
  • Headcount: 11-50
  • Number of deals in 2024: 25
  • LinkedIn: investiere-venture-capital

Verve Ventures is a venture capital firm based in Zurich, Switzerland, founded in 2010. The firm specializes in deep tech investments across Europe, providing funding and strategic support to science and technology startups. Their investment focus spans several sectors, including climate tech, industrial technology, and health & bio. Notably, Verve Ventures participated in the Series B funding round for Minut, a Swedish startup that develops smart home solutions, raising $14 million in 2022. This involvement highlights their interest in the smart home devices industry, alongside their broader investment strategy in innovative technologies.


4. Siemens

  • Website: siemens.com
  • Type: Corporate
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 1847
  • Headcount: 10001+
  • Number of deals in 2024: 11
  • LinkedIn: siemens

Siemens AG, founded in 1847 and headquartered in Munich, Bavaria, Germany, is a leading technology conglomerate specializing in industrial automation, energy solutions, rail transport, and health technology. With a workforce of approximately 320,000 employees, Siemens generates significant revenue and operates globally. In recent years, Siemens has made notable investments in the smart home and smart building sectors. Key transactions include the acquisition of Comfy in 2018, which enhances their smart building capabilities, and the acquisition of Enlighted, a provider of smart IoT systems for buildings, also in 2018. Additionally, Siemens acquired Wattsense in 2021, further expanding its portfolio in smart hardware and software for buildings. These strategic moves demonstrate Siemens' focus on integrating smart technologies into their offerings, making them a relevant player in the smart home devices industry.


5. Rocket Internet SE


Rocket Internet SE is a venture builder based in Berlin, Germany, founded in 2007. The firm specializes in incubating and investing in internet and technology companies globally, providing operational support and capital to entrepreneurs. Rocket Internet has a diverse investment portfolio that spans various sectors, including eCommerce, PropTech, and FinTech. Notably, Rocket Internet has invested in tink, a smart home/IoT comparison and shopping platform, which raised €40 million in a Series D round in April 2021. This investment aims to accelerate tink's international growth and expand its integrated services. Additionally, Rocket Internet has invested in Home24 AG, a home & living online retailer, which, while not exclusively a smart home device company, operates within the broader home and living sector. These transactions highlight Rocket Internet's engagement in the smart home devices context, making it a notable player in this investment category.


6. Bayern Kapital

  • Website: bayernkapital.de
  • Type: Venture Capital
  • Headquarters: Landshut, Bavaria, Germany
  • Founded year: 1995
  • Headcount: 11-50
  • Number of deals in 2024: 27
  • LinkedIn: bayern-kapital-gmbh

Bayern Kapital is a venture capital firm based in Landshut, Bavaria, Germany, founded in 1995. The firm specializes in providing investment and growth capital to innovative high-tech startups and scale-ups in Bavaria. They support their clients with financial resources and access to a network of industry experts, helping them navigate the challenges of growth and development in various sectors, including life sciences and software. Notably, Bayern Kapital participated in a funding round for tado°, a Munich-based home energy management platform, which raised €43M to expand its smart thermostat offerings. This investment highlights their engagement in the smart home devices industry, showcasing their commitment to supporting innovative technologies that enhance energy management in homes.


7. Demeter-Partners


Demeter-Partners is a venture capital and private equity firm based in Berlin, Germany, founded in 2007. The firm specializes in investments aimed at facilitating the energy and ecological transition, providing funding and strategic guidance to innovative startups and small to mid-cap companies. With a focus on sustainable development, Demeter manages a diverse portfolio that includes investments in various sectors. Notably, they participated in the seed round for Smarthome in November 2015, which highlights their engagement in the smart home devices industry. Additionally, they have been involved in other technology-related investments, such as Enerbee and Aledia, which, while not directly in the smart home sector, demonstrate their interest in innovative technologies that could intersect with smart home solutions.


8. b2venture

  • Website: b2venture.vc
  • Type: Venture Capital
  • Headquarters: St. Gallen, St. Gallen, Switzerland
  • Founded year: 2000
  • Headcount: 11-50
  • Number of deals in 2024: 15
  • LinkedIn: btovpartners

b2venture is a venture capital firm based in St. Gallen, Switzerland, founded in 2000. The firm specializes in early-stage investments in innovative startups across various sectors, providing financial backing and support to entrepreneurs. They collaborate with a community of angel investors, enhancing their investment strategy and positioning them as a key player in the European venture capital landscape. Notable transactions include investments in OrCam Technologies, which focuses on artificial vision devices, and Sternum, which raised $27 million in Series B funding. While these companies are not directly in the smart home devices sector, their focus on innovative technology suggests that b2venture is open to investing in sectors that may overlap with smart home technologies.


9. Momenta

  • Website: momenta.one
  • Type: Venture Capital
  • Headquarters: Engelberg, Obwalden, Switzerland
  • Founded year: 2012
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: momentapartners

Momenta is a venture capital firm based in Engelberg, Obwalden, Switzerland, founded in 2012. The firm specializes in industrial impact and digital transformation, providing strategic investments and advisory services to both Fortune 500 companies and innovative startups. Momenta focuses on enhancing operational efficiency and driving sustainability across various sectors, including energy, manufacturing, smart spaces, and supply chain. Notably, Momenta has invested in Thingstream, a Zurich-based provider of IoT Connectivity-as-a-Service, which is essential for the functionality of smart home devices. They also participated in funding rounds for Edge Impulse, a development platform for machine learning on edge devices, which can be applied to smart home technology. These transactions highlight Momenta's commitment to advancing technologies that support the smart home devices ecosystem.


10. SevenVentures

  • Website: sevenventures.de
  • Type: Corporate
  • Headquarters: Flensburg, Schleswig-Holstein, Germany
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: 10262962

SevenVentures is a corporate investment firm based in Flensburg, Schleswig-Holstein, Germany, founded in 2009. The firm specializes in media investments and partnerships with consumer-oriented startups, providing media-for-equity and media-for-revenue investments to enhance brand visibility through tailored advertising strategies. In 2021, SevenVentures participated in a €40 million Series D funding round for tink, a Berlin-based smart home and IoT comparison and shopping platform, which aims to accelerate international growth and expand its offerings. This transaction highlights SevenVentures' involvement in the smart home devices sector, showcasing their interest in innovative technologies and consumer-oriented solutions. Additionally, they have been involved in other transactions, such as Grover and Refurbed, which, while not directly related to smart home devices, indicate a broader investment strategy in consumer technology.


11. Bosch

  • Website: bosch.com
  • Type: Corporate
  • Headquarters: Birenbach, Baden-Württemberg, Germany
  • Founded year: 1886
  • Headcount: 10001+
  • Number of deals in 2024: 5
  • LinkedIn: bosch

Robert Bosch GmbH is a multinational engineering and technology company founded in 1886, headquartered in Birenbach, Baden-Württemberg, Germany. With over 10,000 employees, Bosch operates across various sectors, including mobility, consumer goods, industrial technology, and energy solutions. The company is dedicated to sustainability and improving quality of life through innovative technology. Notably, Bosch has made strategic acquisitions that enhance its capabilities in areas relevant to smart home devices. For instance, the acquisition of TeleAlarm in 2006 highlights Bosch's interest in home safety and security solutions. Additionally, their acquisition of Climatec, a US integrator, aligns with their strategy to enhance non-security business operations, which could encompass smart home technologies. These transactions reflect Bosch's potential involvement in the smart home devices market, making them a relevant investor in this space.


12. HV Capital

  • Website: hvcapital.com
  • Type: Venture Capital
  • Headquarters: Flensburg, Schleswig-Holstein, Germany
  • Founded year: 2000
  • Headcount: 11-50
  • Number of deals in 2024: 28
  • LinkedIn: hvventures

HV Capital is a venture capital firm based in Flensburg, Schleswig-Holstein, Germany, founded in 2000. With over €2.8 billion under management, HV Capital specializes in investing in digital companies and supporting entrepreneurs from seed stage to exit. They have a diverse portfolio, including notable transactions such as Home24, which raised significant funding in multiple rounds, indicating a focus on the home and lifestyle sector. Home24's business model aligns with the smart home devices market, as it involves home furnishings and decor, which can integrate with smart home technologies. HV Capital's strategic guidance and capital support help startups navigate growth challenges, making them a potential player in the smart home devices industry.


13. Wellington Partners


Wellington Partners is a venture capital firm based in Munich, Bavaria, Germany, founded in 1998. The firm specializes in life sciences, investing in early- and growth-stage companies to provide capital and strategic support to entrepreneurs. Notably, Wellington Partners has been involved in multiple funding rounds for EnOcean, a producer of wireless sensors, which are crucial for smart home devices. Their investments in EnOcean span from Series A in 2002 to Series D in 2008, totaling over $40 million. This involvement highlights their engagement in technology that directly supports the smart home devices sector, despite their primary focus on life sciences.


14. Redstone


Redstone is a venture capital firm based in Berlin, Germany, founded in 2014. The firm specializes in investing in technology startups across various sectors, including FinTech, Industrial, Sustainability, and Quantum. Redstone provides investment management services and conducts research on the venture capital landscape, particularly focusing on the participation of pension funds in the startup ecosystem. Among their notable transactions, they have invested in Exein, an IoT cybersecurity firm, which raised €6 million in a Series A funding round. This investment highlights Redstone's engagement with technology that is crucial for the security of smart home devices. Additionally, they have participated in various funding rounds across different industries, indicating a diverse investment strategy that may include future opportunities in the smart home devices market.


15. Brandenburg Kapital GmbH


Brandenburg Kapital GmbH is a venture capital firm based in Potsdam, Brandenburg, Germany, founded in 1993. The firm specializes in providing funding and support to startups and growth companies in the Brandenburg region, focusing on startup financing, growth financing, and co-investor opportunities. Notable transactions include their investment in Staex, a Berlin-based startup that has developed a unique Web3-IoT bridge, which could have applications in smart home technology. They also participated in funding rounds for companies like Arioso Systems and asgoodasnew, although these do not directly relate to smart home devices. Their diverse investment portfolio suggests a willingness to explore various technology sectors, including those that may impact the smart home industry.


16. Target Partners


Target Partners is a venture capital firm based in Munich, Bavaria, Germany, founded in 1999. The firm specializes in early-stage technology investments, providing capital and strategic support to innovative startups in the tech sector. Notably, Target Partners has invested in tado°, a leading smart climate control technology producer, which has raised significant funding across multiple rounds, including a Series D round where Target Partners participated. This involvement highlights their commitment to supporting advancements in smart home technology, particularly in energy management and climate control solutions. Their expertise in venture capital and long-term partnerships with entrepreneurs distinguishes them in the investment landscape, particularly in the context of smart home devices.


17. Mountain Partners


Mountain Partners is a venture capital firm based in Zurich, Switzerland, founded in 2005. The firm specializes in investment management and focuses on providing funding and operational support to startups and technology companies across Europe, Latin America, and Asia. They manage a diversified portfolio of VC funds aimed at empowering innovative businesses and facilitating their growth. Notably, Mountain Partners has been involved in several transactions, including a significant investment in Live Smart, which raised approximately $2.5 million in a venture round in 2019, indicating their engagement in the smart home devices sector. Additionally, they participated in various funding rounds for companies like AngelEye Health and Myo, showcasing their active role in supporting technology-driven startups.



Smart Home Devices Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
SicticZurich, Zurich, Switzerland201-500201477
Swisscom VenturesZurich, Zurich, Switzerland11-5020074
Verve VenturesZurich, Zurich, Switzerland11-50201025
SiemensMunich, Bavaria, Germany10001+184711
Rocket Internet SEBerlin, Berlin, Germany201-50020070
Bayern KapitalLandshut, Bavaria, Germany11-50199527
Demeter-PartnersBerlin, Berlin, Germany11-5020070
b2ventureSt. Gallen, St. Gallen, Switzerland11-50200015
MomentaEngelberg, Obwalden, Switzerland11-5020127
SevenVenturesFlensburg, Schleswig-Holstein, Germany11-5020093
BoschBirenbach, Baden-Württemberg, Germany10001+18865
HV CapitalFlensburg, Schleswig-Holstein, Germany11-50200028
Wellington PartnersMunich, Bavaria, Germany11-5019989
RedstoneBerlin, Berlin, Germany11-50201414
Brandenburg Kapital GmbHPotsdam, Brandenburg, Germany11-5019939
Target PartnersMunich, Bavaria, Germany11-5019990
Mountain PartnersZurich, Zurich, Switzerland11-5020051


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