Roost

insurtechiot-preventive insurance/telematics

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 17/12/2018

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About

Instead of purchasing costly new devices and paying even more to have them installed, Roost empowers easy and inexpensive do-it-yourself upgrades to existing smoke alarms. There are no new smoke/CO alarms to purchase. No unnecessary control panels. No bulky hubs to hide. Connect the Roost Smart Battery to your home Wi-Fi network, replace the existing 9V battery in your smoke alarm with Roost and immediately receive emergency alerts on your smart phoneno matter where you are. Now that's smart. Roost is a start-up technology company headquartered in Sunnyvale, CA. Roost has developed a unique, patent-pending connected platform that delivers the ultimate in installation simplicity and the most affordable way for consumers to enter the smart home space. Learn more at http://getroost.com/

MEDICI Analysis

Roost is an insurtech company that offers telematics solution for home. It transfers smoke alarms into smart alarms and a smart water leak & freeze detector. It helps insurance carriers to reduce claims cost by directly deploying these solutions to their policyholders. It directly sends notifications to the user'ssmartpphones in case of alarms.

Focus

PRODUCTS & SERVICES

Roost product offerings include smoke alarm, leak detector and garage door sensors that can be easily connected with the WiFi and user's smartphone. The sensors can trigger notifications to the user's smartphone, thereby enabling them to act faster and mitigate the situation.

MAIN CLIENTS

Retail Home owners

People

FOUNDERS

James Blackwell

BOARD MEMBERS AND ADVISORS

Gopi Rangan

Nate Williams

INVESTORS:

Aviva

Center Electric

Comet Labs

DCM Ventures

Fosun Kinzon Capital

Legend Star

RPM Ventures

Start Garden

USAA

Wakestream Ventures

KEY EMPLOYEES:

Roel Peeters (CEO); James Blackwell (CTO)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

3

TOTAL FUNDING

$16.7 M

DATE OF LAST FUNDING

Aug 2017

TOTAL FUNDING COMMENT

The company is planning to use the fund to continue our product development efforts as well as expand new product services for our insurance partners(August 2017).

SEED & PRIOR FUNDING

$800 K

SEED CLOSED ON

Oct 2014

FUNDING SERIES

SERIES A  · $5.5 M  · Sep 2015

SERIES B  · $10.4 M  · Aug 2017

LISTED

NO

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