BeON Home Secures Additional $2.9 Million
BeON Home, creator of the first Bluetooth Smart-enabled home protection system that provides preventative security and emergency lighting, announced it has secured $2.9 million in additional capital.
The round was led by Jopeko LLC and included continued participation from existing investors and multiple new investors. The investment will accelerate BeON’s growth and expand its product line, according to a release from BeON. This funding brings BeON’s total investment to date to nearly $5 million.
“All too often, smart-home technology ignores one of two basic premises: practical functionality or a simple user experience,” said Joseph Kolchinsky, managing director of Jopeko LLC. “When a product addresses both concepts, it is free from early adopter limitations and has the potential to change paradigms. The BeON Home Protection system is one of the only smart-home products we've seen that does this, and as a result it addresses a mass-market need. They've hidden two of the most requested features for any smart home — security and safety — inside an energy-efficient LED bulb that anyone can use and understand. We're excited about future products from BeON that apply that same simple design philosophy.”
Alexei Erchak, CEO of BeON Home, said, “This funding will help BeON accelerate in bringing new types of safety and security to even more people's homes.”
BeON recently announced expanded availability and compatibility with international shipping, an Android mobile app, and retail presence on Amazon. Additional platform integrations and product developments are on BeON’s roadmap for 2016 to enhance preventative security and safety functionality even further.