The smart home industry in Europe is rapidly evolving, leveraging advancing technologies to enhance daily living. This sector includes companies that offer smart appliances, home security systems, energy management devices, and home automation platforms. With the growing focus on sustainability, many products are designed to optimize energy usage and improve convenience. As consumers become more tech-savvy, the industry is headed towards greater integration of artificial intelligence and Internet of Things (IoT) solutions, aiming to create more intuitive and responsive living environments. Notably, studies suggest that by 2025, smart home revenue in Europe could reach upwards of €40 billion, showcasing immense potential for growth.


This list highlights 19 prominent investors active in Europe's smart home sector. The mix includes venture capital firms, corporate investors, and non-profit organizations, headquartered across Belgium, France, the UK, Sweden, and beyond. These investors range in size from small firms with only a few employees to large organizations employing thousands. Established between 1836 and 2017, these investors collectively participated in 99 notable deals in 2024, each one effectively fueling technological advancements in smart homes, energizing innovation, and supporting startups in this burgeoning market.


Top 19 Smart Home Investors in Europe


1. Bpifrance French Tech Accélération


Bpifrance French Tech Accélération is a venture capital investor based in Paris, Île-De-France, France, founded in 2015. As a public entity and financial institution, Bpifrance supports entrepreneurs and businesses in France and internationally through a range of services, including direct funding, export credit insurance, and private equity investments. The institution aims to foster entrepreneurship and innovation, helping businesses navigate growth and international expansion. Notably, Bpifrance has participated in funding rounds for companies in the smart home sector, such as Netatmo, which raised €30 million in a Series B round with Bpifrance's involvement through the 'Programme d’Investissements d’Avenir'. Additionally, Bpifrance was part of an earlier funding round for Netatmo, which raised €4.5 million in Series A. These transactions highlight Bpifrance's active role in supporting smart home technology development.


2. 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 several transactions that align with smart home technologies, 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 solutions that can enhance smart home applications. Additionally, the EIC has provided grants to companies like EZMEMS, which may also contribute to advancements in smart home technology.


3. 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 provides loans, risk capital, and business development support to small and medium-sized enterprises (SMEs) in Sweden, aiming to enhance their growth and competitiveness through tailored financial solutions and guidance. Among their notable transactions, Almi has invested in LumenRadio, a company that specializes in wireless communication technology, which is highly relevant to the smart home industry. They have also participated in funding rounds for other innovative companies like EasyServ, Collactivate, and Peafowl Plasmonics, showcasing their commitment to supporting technological advancements. While their primary focus is on SMEs, their investments in companies with potential applications in smart home technology highlight their relevance in this sector.


4. 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 crowdfunding platform based in London, England, founded in 2010. It enables businesses, particularly startups and SMEs, to raise capital through equity investments, connecting them with potential investors. The platform emphasizes diversity and inclusion within its workforce while providing investment management services. Notably, Crowdcube has facilitated funding for several companies in the smart home sector, including Verv, which focuses on smart energy solutions, and EcoSync, which specializes in energy management systems. In 2023, EcoSync raised $1,317,018, showcasing significant investor interest in smart home technologies. Additionally, Verv raised funds in both 2021 and 2023, further highlighting Crowdcube's role in supporting smart home innovations.


5. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, established in 1958, that provides a range of financial services including loans, equity investments, guarantees, and advisory services aimed at supporting 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 has invested in Tado°, a European competitor in the smart thermostat market, contributing to a $50 million financing round aimed at expanding Tado°'s service offerings. 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.


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 security solutions provider specializing in locks, doors, gates, and entrance automation. With a workforce of over 10,000 employees, the company has established itself as a leader in the security industry through innovation and a diverse product portfolio. In recent years, ASSA ABLOY has made significant strides in the smart home sector by acquiring companies that enhance its technology offerings. Notable transactions include the acquisition of August Home, a US-based smart lock manufacturer, which was announced in October 2017, and the acquisition of Bird Home Automation GmbH (DoorBird) in October 2022, which focuses on smart intercom systems. Additionally, in September 2024, ASSA ABLOY acquired Level Lock, further expanding its presence in the smart home technology market. These strategic acquisitions demonstrate ASSA ABLOY's commitment to integrating smart technology into its product lines, making it a relevant investor in the smart home industry.


7. Microsoft Accelerator


Microsoft Accelerator is a venture capital firm based in London, England, founded in 2013. It is part of Microsoft, a leading technology company specializing in artificial intelligence and cloud computing solutions. The accelerator aims to enhance productivity for businesses and organizations across various industries through secure and effective AI integration. Notably, Microsoft Accelerator has been involved in several transactions relevant to the smart home context, including investments in BuddyGuard, a company focused on home security, and Chai Energy, which provides energy management solutions. These investments highlight Microsoft's interest in supporting technologies that contribute to the smart home ecosystem, despite their broader focus on AI and cloud services.


8. SoftBank Investment Advisers


SoftBank Investment Advisers, also known as the SoftBank Vision Fund, is a venture capital firm based in London, UK, founded in 2017. The firm specializes in investing in technology-focused companies, particularly those developing innovations in artificial intelligence. With a diverse portfolio that spans various sectors, including health tech and fintech, SoftBank aims to foster technological advancement. Among their notable transactions, they have invested significantly in Plume Design, which provides AI-driven services for residential consumers, and Swell Energy, which focuses on energy management solutions. These investments reflect SoftBank's strategy to support growth-stage technology firms that are shaping the future of smart home technologies and connected devices.


9. 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 is a venture capital firm founded in 2011, based in London, England. The firm specializes in providing growth funding and value creation support to small and mid-sized businesses in the UK and Ireland. BGF addresses the funding gap in the market through minority investments and extensive support services. Notably, BGF has invested in companies like Action24, a security firm that has expanded significantly since their initial investment, and Tepeo, a company focused on zero-emission boilers, which aligns with the growing demand for sustainable and smart home solutions. Additionally, BGF has invested in Monodraught, a specialist in ventilation systems, which can also play a role in smart home technologies by improving energy efficiency and indoor air quality.


10. Agoranov

  • Website: agoranov.com
  • Type: Corporate
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 2000
  • Headcount: 11-50
  • Number of deals in 2024: 42
  • LinkedIn: agoranov

Agoranov is a startup incubator based in Paris, Île-De-France, founded in 2000. They specialize in supporting technology and science startups through personalized assistance, fully equipped facilities, and acceleration programs. With 42 investments in 2024 alone, Agoranov has a strong track record of nurturing early-stage startups across various innovative sectors. Notably, they have invested in Smart Impulse, a company that likely operates within the smart technology domain, which aligns with the smart home industry. Other transactions include Auxivia, Gema, and UCOPIA Communications, showcasing their diverse investment portfolio. While not exclusively focused on smart home technologies, their commitment to technology startups positions them as a potential contributor to the smart home sector.


11. 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 smart home solutions. Additionally, they have invested in e-peas, a company involved in home/building automation, which has raised significant funding to accelerate product development and market penetration. These transactions highlight Partech's commitment to supporting innovations in the smart home industry.


12. 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, backing two startups per week with financial support and mentorship. Among their notable transactions, Kima Ventures has invested in Sensibo, an Israeli IoT company focused on smart home solutions, which raised funds in both 2014 and 2016 for its innovative products. Additionally, they invested in Sevenhugs, which raised funds in 2015 and is known for its smart home technology. These investments highlight Kima Ventures' engagement in the smart home industry, showcasing their commitment to supporting companies that are developing cutting-edge solutions in this field.


13. EQT Group

  • Website: eqtgroup.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 1001-5000
  • Number of deals in 2024: 30
  • LinkedIn: eqt-partners

EQT Group is a prominent investment firm based in Stockholm, Sweden, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Founded in 1994, EQT serves institutional investors by managing diverse investment portfolios across multiple sectors and geographies. Among their notable transactions, EQT acquired Verisure Securitas Direct in 2008, a leading provider of smart home security solutions, which highlights their engagement in the smart home industry. Additionally, their acquisition of Anticimex, a pest control specialist, and IP-Only, a fiber-based data communication provider, showcases their strategy of investing in companies that can leverage technology and innovation, further aligning with the smart home context. Their recent acquisition of Calisen also indicates a focus on infrastructure that could support smart home technologies.


14. Portugal Ventures


Portugal Ventures is a venture capital firm based in Porto, Portugal, founded in 2012. The firm focuses on investing in startups with global ambitions, primarily located in Portugal, and provides both capital and strategic support to help these startups grow and scale. They have a diverse investment portfolio that spans various sectors, including technology and health. Notably, Portugal Ventures has invested in Homeit, a company that operates within the smart home space, raising an undisclosed amount in a seed round in May 2019. Additionally, they have invested in Omniflow, which has potential applications in smart energy solutions, further indicating their engagement with innovative technologies that could intersect with smart home applications. Their commitment to fostering entrepreneurship and economic development positions them as a significant player in the venture capital landscape.


15. 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 offers a wide range of products and services aimed at enhancing operational efficiency and sustainability for businesses and organizations. Notably, they have made strategic acquisitions such as Clipsal Australia and Merten GmbH & Co. KG, which enhance their portfolio in electrical management solutions. In the smart home context, their investment in Sense, a company focused on energy monitoring, and their co-lead in the Series A funding round for Star Charge, an EV charging solution provider, highlight their active role in the smart home industry. These transactions demonstrate Schneider Electric's commitment to integrating smart technologies that improve energy efficiency and management in residential settings.


16. 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 venture capital 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 recent years, Sictic has been involved in various funding rounds, including notable transactions such as LEDCity, which raised $2,000,000 in a Seed Round in March 2021, focusing on smart lighting solutions. Additionally, they participated in the funding of Algorized, which raised $4,300,000 in a Seed Round in November 2024. These transactions highlight Sictic's engagement with technology that can be relevant to the smart home industry, showcasing their potential interest in this sector.


17. 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. The firm invests in innovative startups across various sectors, including technology and healthcare, providing capital and strategic support to entrepreneurs. Notably, Index Ventures has invested in companies relevant to the smart home industry, such as eero, which raised $50 million in Series B funding in 2016, focusing on enhancing home Wi-Fi connectivity, and Sonos, which raised $25 million in the secondary market in 2013, known for its smart audio products. These transactions highlight Index Ventures' commitment to supporting companies that are shaping the future of smart home technology, alongside their broader investment strategy.


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. Notable transactions include their participation in funding rounds for Axign, a company developing next-generation audio chips for battery-operated products like smart speakers, and Ambisense, an IoT startup that has secured growth equity investment to enhance its offerings. Additionally, their involvement with Syntiant, a deep learning tech company, further showcases their commitment to investing in technologies that can impact smart home applications.


19. 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.



Smart Home Insights: Key Investors in Europe


InvestorHeadquarterSizeFoundedDeals 2024
Bpifrance French Tech AccélérationParis, Île-De-France, France1-102015198
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
AlmiStockholm, Stockholm, Sweden201-50019947
CrowdcubeLondon, England, United Kingdom (UK)51-20020103
European Investment Bank (EIB)Luxembourg1001-5000195899
ASSA ABLOY GroupStockholm, Stockholm, Sweden10001+199421
Microsoft AcceleratorLondon, England, United Kingdom (UK)51-20020130
SoftBank Investment AdvisersLondon, England, United Kingdom (UK)201-500201714
BgfLondon, England, United Kingdom (UK)51-200201153
AgoranovParis, Île-De-France, France11-50200042
PartechParis, Île-De-France, France51-200198224
Kima VenturesParis, Île-De-France, France1-10201050
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
Portugal VenturesPorto, Porto, Portugal11-5020126
Schneider ElectricRueil-Malmaison, Île-De-France, France10001+18364
SicticZurich, Zurich, Switzerland201-500201477
Index VenturesLondon, England, United Kingdom (UK)51-200199667
Atlantic BridgeDublin, Dublin, Ireland11-50200413
InnoEnergyEindhoven, North Brabant, Netherlands201-500201052


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