About Deako
Deako is a company based in Seattle (United States) founded in 2015.. Deako has raised $65.14 million across 13 funding rounds from investors including Kinetic Ventures, Tandem Capital and Y Combinator. Deako offers products and services including Smart Switch, Smart Dimmer, Simple Motion Sensor Switch, Smart Plug, and Deako App. Deako operates in a competitive market with competitors including Particle, ecobee, Signify, Landis+Gyr and Nanoleaf, among others.
- Headquarter Seattle, United States
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Sectors
Business ServicesEnergy & Utilities Technology
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Phone
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Website
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Social
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- Legal Name Deako, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$65.14 M (USD)
in 13 rounds
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Latest Funding Round
$3.41 M (USD), Series B
Jun 28, 2024
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Investors
Kinetic Ventures
& 2 more
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Employee Count
Employee Count
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Products & Services of Deako
Deako offers a comprehensive portfolio of products and services, including Smart Switch, Smart Dimmer, Simple Motion Sensor Switch, Smart Plug, and Deako App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Controls lights via app for scheduling and security.
Adjusts brightness remotely for ambiance settings.
Detects motion to turn lights on automatically.
Enables smart features for plug-in devices.
Manages lighting scenes and schedules via mobile.
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Funding Insights of Deako
Deako has successfully raised a total of $65.14M across 13 strategic funding rounds. The most recent funding activity was a Series B round of $3.41 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 13
- Last Round Series B — $3.4M
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First Round
First Round
(06 Nov 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series B - Deako | Valuation |
investors |
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| Oct, 2022 | Amount | Series B - Deako | Valuation |
investors |
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| Mar, 2021 | Amount | Series B - Deako | Valuation | Kinetic Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Deako
Deako has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Kinetic Ventures, Tandem Capital and Y Combinator. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage investments are made in US companies across key sectors.
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Founded Year | Domain | Location | |
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Tandem Capital is engaged in seed funding for disruptive startups.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Deako
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Deako
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Deako Comparisons
Competitors of Deako
Deako operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Particle, ecobee, Signify, Landis+Gyr and Nanoleaf, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Provider of smart thermostats for commercial and residential applications
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| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Energy-efficient smart lightbulbs are developed by Nanoleaf.
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Deako
Frequently Asked Questions about Deako
When was Deako founded?
Deako was founded in 2015.
Where is Deako located?
Deako is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Is Deako a funded company?
Deako is a funded company, having raised a total of $65.14M across 13 funding rounds to date. The company's 1st funding round was a Series B of $12.53M, raised on Nov 06, 2015.
What does Deako do?
Deako was founded in 2015 and is headquartered in Seattle, United States. Operations focus on the residential sector within the smart home industry. Products such as smart rocker switches, simple dimmers, motion sensors with timers, smart switches, and scene controllers are developed and offered. These systems enable control of lighting in homes through integrated technology solutions.
Who are the top competitors of Deako?
Deako's top competitors include ecobee, Particle and Landis+Gyr.
What products or services does Deako offer?
Deako offers Smart Switch, Smart Dimmer, Simple Motion Sensor Switch, Smart Plug, and Deako App.
Who are Deako's investors?
Deako has 3 investors. Key investors include Kinetic Ventures, Tandem Capital, and Y Combinator.
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