SimpliSafe Raises Over USD200M in Funding


SimplySafe, a Boston, MA-based provider of home security solutions, raised over USD200M in funding.

These funds were provided by affiliates of Capital One N.A. and HPS Investment Partners. Owl Rock [a division of Blue Owl]Eastern Bank

The company plans to invest the funds in its workforce and in professional monitoring capabilities. This will allow it to improve customer safety and security, as well as refinance existing facilities.

SimpliSafe is led by Christian Cerda, the CEO. The company provides home security products that now protect millions. The company recently innovated its product suite, launching a Wireless Outdoor Camera, and created an owned-and-operated professional monitoring center in Richmond, VA.

Last year, SimpliSafe surpassed its projection of $400 million in annualized recurring revenue (ARR).

Get latest news from African Startup ecosystem

Latest stories

You might also like...