Minut announced a $8M series A funding from KPN Ventures, Centrica and existing investors.
Minut, a Malmö, Sweden-based manufacturer of alarm system for residences, completed a series A investment round totalling $8M. The deal was announced to Techcrunch first.
Minut, founded in 2014 under the name Form by CEO Nils Mattisson, Fredrik Ahlberg, Martin Lööf and Marcus Ljungblad, developed a smart home alarm that detects motion, monitors noise, temperature, humidity, and mold risk.
The product, called Point, is a mobile companion app based on an all-in-one alarm device that’s easy-to-install, packed full of sensors, an important differentiator as most modern alarm systems are camera/video based.
Minut has about 30 employees, based in offices from Malmö, Stockholm and London and claims to have shipped 10,000 units in 60 countries.
Prior to this round, Minut raised around $2.5M from external investors.