The smart home devices industry in Europe is rapidly evolving, driven by increasing consumer interest in automation, energy efficiency, and security. Companies range from established tech giants to innovative startups, offering products like smart thermostats, security systems, and energy management solutions. As advancements in artificial intelligence and IoT technologies propel growth, the industry is shifting towards seamless integration and user-friendly applications. Notably, predictions suggest that smart home device revenues will reach significant milestones by 2025, underscoring the demand for connected living solutions. European consumers are embracing these technologies, making smart homes a key focus for manufacturers and investors alike.


The investors featured here represent a mix of venture capital firms, corporate entities, and public funds, primarily based across major European cities such as London, Paris, and Brussels. With founding years ranging from the mid-20th century to the recent decade, their investment sizes vary widely, from a handful of staff to thousands. In 2024, these investors executed significant deals, reflecting their interest in the promising smart home devices sector. Their strategic engagements with rising startups showcase their commitment to funding innovation and shaping the landscape of home automation technology.


Top 18 Smart Home Devices Investors in Europe


1. Bpifrance French Tech Accélération


Bpifrance French Tech Accélération is a public entity and financial institution based in Paris, Île-De-France, France, founded in 2015. It supports entrepreneurs and businesses in France and internationally through a range of services including direct funding, export credit insurance, and private equity investments. Bpifrance aims to foster entrepreneurship and innovation through coaching and partnerships, helping businesses navigate growth and international expansion. Notably, Bpifrance has invested in several companies relevant to the smart home devices sector, including Netatmo, which raised €30 million in a Series B funding round in 2015, and Withings, which raised $30 million in a Series B funding round in 2013. These investments highlight Bpifrance's active role in supporting the development of connected devices and smart home technologies.


2. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across 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 provides business acceleration services, networking opportunities, and prizes to foster innovation in multiple sectors. Notably, the EIC has been involved in transactions relevant to the smart home devices context, such as its funding of e-peas, which raised €17.5 million to accelerate the deployment of energy harvesting solutions, potentially applicable in smart home applications. Additionally, the EIC has supported companies like Wi Charge and EZMEMS, which are involved in innovative technologies that could intersect with smart home functionalities.


3. Crowdcube

  • Website: crowdcube.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2010
  • Headcount: 51-200
  • Number of deals in 2024: 3
  • LinkedIn: crowdcube-limited

Crowdcube is a London-based crowdfunding platform founded in 2010 that enables businesses to raise capital through equity investments. It connects startups and SMEs with potential investors, facilitating the funding process. Crowdcube promotes diversity and inclusion within its workforce while providing investment management services to its clients. Notably, Crowdcube has been involved in several transactions relevant to the smart home devices sector, including Kokoon Technology, which raised significant funds in both equity crowdfunding and a venture round, and Verv, which focuses on smart energy solutions. These transactions highlight Crowdcube's engagement with innovative companies in the smart home space, showcasing its role in supporting the growth of this industry.


4. 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 active role in the smart home devices sector, particularly in technologies that enhance energy efficiency and automation.


5. Almi

  • Website: almi.se
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 201-500
  • Number of deals in 2024: 7
  • LinkedIn: almi-ab

Almi AB is a financial services company based in Stockholm, Sweden, founded in 1994. It specializes in providing loans, risk capital, and business development support to small and medium-sized enterprises (SMEs) in Sweden. Almi aims to enhance the growth and competitiveness of these businesses by offering tailored financial solutions and guidance. Among their notable transactions, Almi has invested in LumenRadio, a company that focuses on wireless communication technology, which is crucial for smart home devices. They have also invested in other technology-oriented companies like EasyServ and Epishine, indicating a broader interest in innovative solutions that could relate to smart home applications. These investments reflect Almi's commitment to supporting technological advancements that can enhance the functionality and connectivity of smart home devices.


6. ASSA ABLOY Group

  • Website: assaabloy.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 10001+
  • Number of deals in 2024: 21
  • LinkedIn: assaabloy

ASSA ABLOY Group, founded in 1994 and headquartered in Stockholm, Sweden, is a leading provider of security solutions, specializing in locks, doors, gates, and entrance automation. With a workforce exceeding 10,000 employees, the company has established itself as a leader in the security industry through a diverse product portfolio and a strong focus on innovation. In recent years, ASSA ABLOY has made significant strides in the smart home devices market by acquiring companies that enhance its technology offerings. Key transactions include the acquisition of August Home, a prominent smart lock manufacturer, which underscores ASSA ABLOY's commitment to integrating smart technology into its product line. Additionally, the acquisition of Level Lock further strengthens its position in the smart lock segment. The company also acquired Bird Home Automation GmbH (DoorBird), which specializes in smart doorbell technology, further expanding its smart home capabilities. These strategic moves highlight ASSA ABLOY's dedication to enhancing security and access control through innovative smart home solutions.


7. Microsoft Accelerator


Microsoft Accelerator is a venture capital firm founded in 2013, based in London, England. It is part of Microsoft, a leading technology company known for its innovations in artificial intelligence and cloud computing. The accelerator focuses on enhancing productivity for businesses across various industries through secure and effective AI integration. Notably, Microsoft Accelerator has been involved in several transactions relevant to the smart home devices context, including investments in BuddyGuard, a company that specializes in home security solutions, and Raiing, which may have applications in health monitoring within smart environments. These investments highlight the accelerator's engagement with technologies that can enhance smart home functionalities, despite its broader focus on technology and AI.


8. Partech

  • Website: partechpartners.com
  • Type: Venture Capital
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 1982
  • Headcount: 51-200
  • Number of deals in 2024: 24
  • LinkedIn: partech

Partech Partners is a venture capital firm founded in 1982, based in Paris, Île-De-France, France. The firm specializes in providing funding and support to startups across various sectors, particularly in technology. Partech focuses on helping founders navigate the challenges of scaling their businesses through investment and strategic advisory services. They operate globally and have a diverse portfolio of companies. Notably, Partech has invested in Deako, a smart light switch builder, which raised $3.5 million in funding to enhance its product offerings in the smart home sector. Additionally, they have invested in e-peas, a company that works in home/building automation, among other areas, raising significant funds to accelerate product development and market penetration. These transactions highlight Partech's active involvement in the smart home devices industry.


9. SoftBank Investment Advisers


SoftBank Investment Advisers, also known as the SoftBank Vision Fund, is a venture capital fund based in London, UK, founded in 2017. The fund specializes in investing in technology-focused companies, particularly those innovating in artificial intelligence. With a diverse portfolio, SoftBank aims to support growth-stage technology firms across various sectors. Notably, they have made significant investments in companies relevant to the smart home devices industry, such as Plume Design, which focuses on AI-driven services for connected devices in residential settings. Their investment in Plume, amounting to $300 million, highlights their commitment to enhancing connectivity and smart home solutions. Additionally, their investment in View, a company specializing in dynamic glass technology, indicates their interest in innovative technologies that can complement smart home environments. Overall, SoftBank's strategic investments reflect their dedication to fostering technological advancements that can impact the smart home sector.


10. Bgf

  • Website: bgf.co.uk
  • Type: Venture Capital
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2011
  • Headcount: 51-200
  • Number of deals in 2024: 53
  • LinkedIn: bgfinvestments

BGF Investment Management Limited, founded in 2011, is a venture capital firm based in London, UK, that specializes in providing growth funding and value creation support to small and mid-sized businesses in the UK and Ireland. With a focus on addressing the funding gap in the market, BGF has made significant investments across various sectors. Notably, they have invested in Action24, a security firm that has expanded significantly since BGF's initial investment, highlighting their interest in home security solutions. Additionally, BGF led a £10.5 million Series A funding round for tepeo, a company developing zero-emission boilers, which aligns with the growing trend of energy-efficient smart home technologies. Their investment in Aceleron, which focuses on circular economy battery technology, also supports the smart home sector by promoting sustainable energy solutions. Overall, BGF's diverse portfolio includes key players in the smart home devices industry, showcasing their commitment to supporting innovative technologies that enhance home automation and efficiency.


11. Kima Ventures

  • Website: kimaventures.com
  • Type: Venture Capital
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 2010
  • Headcount: 1-10
  • Number of deals in 2024: 50
  • LinkedIn: kima-ventures

Kima Ventures is a venture capital firm based in Paris, Île-De-France, France, founded in 2010. The firm specializes in investing in early-stage startups across various sectors, providing financial support and mentorship to help them grow. Kima Ventures has a notable track record of backing innovative companies, including those in the smart home devices space. For instance, they invested in Sensibo, an Israeli IoT company known for its smart air conditioning solutions, and Sevenhugs, which focuses on smart remote technology. These investments highlight Kima Ventures' engagement in the smart home industry, alongside their broader investment strategy that encompasses diverse sectors.


12. Index Ventures

  • Website: indexventures.com
  • Type: Venture Capital
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1996
  • Headcount: 51-200
  • Number of deals in 2024: 67
  • LinkedIn: index-ventures

Index Ventures is a venture capital firm founded in 1996, based in London, England. They focus on investing in innovative startups across various sectors, including technology and healthcare. Index Ventures provides capital and strategic support to entrepreneurs, helping them navigate the challenges of growing their businesses. Notably, they have invested in eero, which raised $50 million in Series B funding in 2016, specializing in smart home Wi-Fi solutions, and Sonos, which raised $25 million in a secondary market transaction in 2013, known for its smart speakers. These investments highlight their commitment to supporting companies that are integral to the smart home devices market, alongside their broader investment strategy.


13. Schneider Electric

  • Website: se.com
  • Type: Corporate
  • Headquarters: Rueil-Malmaison, Île-De-France, France
  • Founded year: 1836
  • Headcount: 10001+
  • Number of deals in 2024: 4
  • LinkedIn: schneider-electric

Schneider Electric SE is a multinational corporation specializing in digital automation and energy management, founded in 1836 and headquartered in Rueil-Malmaison, Île-De-France, France. With over 10,000 employees, Schneider Electric focuses on enhancing operational efficiency and sustainability for businesses and organizations. They have made significant investments in the smart home devices context, including the acquisition of Clipsal Australia and Merten GmbH & Co. KG, which provide essential electrical solutions. Notably, their investment in Sense, a company specializing in energy monitoring technology, highlights their commitment to smart home innovations. Additionally, their co-lead in the Series A funding round for Star Charge, an EV charging solution provider, showcases their interest in integrating energy management solutions that are increasingly relevant in smart home applications. Overall, Schneider Electric's strategic investments and acquisitions position them as a key player in the smart home devices industry.


14. Portugal Ventures


Portugal Ventures is a venture capital firm based in Porto, Portugal, founded in 2012. The firm specializes in investing in startups with global ambitions, primarily located in Portugal, and provides both capital and strategic support to help these startups grow and scale their operations. Portugal Ventures has a diverse investment portfolio that includes various sectors, notably technology and health. Among their notable transactions, they invested in Homeit, a company that raised funds in 2019 and focuses on smart home solutions, as well as Omniflow, which is involved in innovative energy solutions that could intersect with smart home technologies. Their investment in OneCare also reflects their interest in health-related technologies, which can be integrated into smart home systems. Overall, Portugal Ventures plays a crucial role in fostering entrepreneurship and economic development in Portugal, with a clear interest in innovative projects that include smart home devices.


15. 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, that connects smart money investors with innovative Swiss early-stage technology startups. Founded in 2014, SICTIC provides investment opportunities, networking events, and educational resources to facilitate the growth of startups and the investment community. In recent years, SICTIC has been involved in several funding rounds, including notable transactions such as LEDCity, which raised $2,000,000 in a Seed Round in March 2021, and Algorized, which raised $4,300,000 in a Seed Round in November 2024. Although the specific focus on smart home devices is not explicitly stated in their transactions, their investment strategy aligns with the technology sector, which may include smart home innovations.


16. Parkwalk Advisors


Parkwalk Advisors is a London-based venture capital investment management firm founded in 2009, specializing in investments in university spin-outs and innovative technologies. They manage various EIS funds aimed at providing capital appreciation and tax reliefs for investors. Their focus is on high-growth companies across sectors such as AI, life sciences, and cleantech. Notably, Parkwalk Advisors has made significant investments in companies relevant to the smart home devices context, including Crypto Quantique, an IoT security company that raised Series A funding to enhance hardware integration into devices and develop a commercial team for software sales. Additionally, their investment in Navetas Energy Management, a University of Oxford spin-out, further demonstrates their interest in innovative technologies that could intersect with smart home applications. Overall, Parkwalk Advisors is positioned to support advancements in smart home technology through their diverse investment strategy.


17. 3i Group plc

  • Website: 3i.com
  • Type: Private Equity
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1945
  • Headcount: 201-500
  • Number of deals in 2024: 3
  • LinkedIn: 3i-group-plc

3i Group plc is a London-based private equity firm founded in 1945, specializing in private equity and infrastructure investments. The firm focuses on providing capital and expertise to mid-market companies, helping them grow sustainably. With a strong international presence and a diverse portfolio, 3i Group aims to create value for its stakeholders through strategic investments. Notably, 3i Group has been involved in significant transactions within the smart home devices context, particularly their co-lead investment in EnOcean GmbH, a producer of wireless sensors, across multiple funding rounds from 2004 to 2008. This investment highlights their engagement in the smart home technology sector. Additionally, their investment in Lampenwelt, an online lighting shop, further demonstrates their interest in companies that operate within the broader home automation and smart lighting space.


18. Atlantic Bridge

  • Website: abven.com
  • Type: Venture Capital
  • Headquarters: Dublin, Dublin, Ireland
  • Founded year: 2004
  • Headcount: 11-50
  • Number of deals in 2024: 13
  • LinkedIn: atlanticbridge

Atlantic Bridge is a venture capital firm based in Dublin, Ireland, specializing in growth equity investments in technology companies. Founded in 2004, the firm focuses on deep technology sectors, providing capital and strategic support to ambitious entrepreneurs and management teams. With a global presence, Atlantic Bridge helps its portfolio companies scale and expand internationally. Notably, they have participated in funding rounds for companies relevant to the smart home devices industry, such as Axign, which raised funds to develop next-generation audio chips for smart speakers, and Syntiant, a deep learning tech company that enhances the capabilities of smart devices. Their investment in Neurobell, which raised funds for innovative technology, also aligns with the smart home sector, showcasing their commitment to supporting advancements in this field.



Smart Home Devices Insights: Key Investors in Europe


InvestorHeadquarterSizeFoundedDeals 2024
Bpifrance French Tech AccélérationParis, Île-De-France, France1-102015198
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
CrowdcubeLondon, England, United Kingdom (UK)51-20020103
European Investment Bank (EIB)Luxembourg1001-5000195899
AlmiStockholm, Stockholm, Sweden201-50019947
ASSA ABLOY GroupStockholm, Stockholm, Sweden10001+199421
Microsoft AcceleratorLondon, England, United Kingdom (UK)51-20020130
PartechParis, Île-De-France, France51-200198224
SoftBank Investment AdvisersLondon, England, United Kingdom (UK)201-500201714
BgfLondon, England, United Kingdom (UK)51-200201153
Kima VenturesParis, Île-De-France, France1-10201050
Index VenturesLondon, England, United Kingdom (UK)51-200199667
Schneider ElectricRueil-Malmaison, Île-De-France, France10001+18364
Portugal VenturesPorto, Porto, Portugal11-5020126
SicticZurich, Zurich, Switzerland201-500201477
Parkwalk AdvisorsLondon, England, United Kingdom (UK)11-50200917
3i Group plcLondon, England, United Kingdom (UK)201-50019453
Atlantic BridgeDublin, Dublin, Ireland11-50200413


Want to find more investors focusing on the smart home devices industry?

If you want to find more investors that are active in the smart home devicesindustry, you can do that with Inven. We built this list and analysis throughInven's Investor Search, and there are a lot more private equity, venturecapital, and corporate investors like these globally.

With Inven, you'll also get to know:

  • Deal History: Number of deals and their sizes.
  • Portfolio: Companies they've invested in.
  • Contact data: Key dealmakers, including their emails and phonenumbers.
  • ...and much more!