About Dwelo
Dwelo is an Energy & Utilities company based in San Jose (United States) founded in 2014, and was acquired by Level in November 2021. Smart apartment management solutions are offered for managers and residents. It operates in the Energy & Utilities, Real Estate & Construction, and Technology sectors. Dwelo has raised $19.39 million across 7 funding rounds from investors including Level, Peterson Partners and Moderne Ventures. The company has 49 employees. Dwelo offers products and services including Ambient Platform. Its focus areas include High Tech, Smart Homes, Home Automation Controllers and Hubs. Its legal entity is DWELO, INC. Its competitors include Vivint, Savant Systems and Resideo; 2 of its 3 listed competitors have raised funding.
Company details
Dwelo was founded in 2014 in San Jose, United States, within the proptech sector. A hub is utilized in apartments to connect with automation devices such as lighting, locks, and thermostats. Property managers are enabled to oversee vacant units and grant tenant access via the platform. Residents are allowed to control home devices through the same system. Operations follow a subscription model, supplemented by upfront costs for smart devices.
Products & Services of Dwelo
Dwelo offers a comprehensive portfolio of products and services, including Ambient Platform.
Service that enhances apartment living via operational and engineering integration.
Funding Insights of Dwelo
Dwelo has successfully raised a total of $19.39M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $5.6 million completed in February 2021. 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 $19.39M
- Total Rounds 7
- Last Round Series A — $5.6M
- First Round $105,000
(Mar 2015)
- Investors Count 2
All 7 funding rounds of Dwelo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2021 | $5.6M | Series A | – | – | – |
| Mar 2020 | $4.79M | Series A | – | – | – |
| Dec 2018 | $2.29M | Series A | – | – | – |
| Aug 2018 | Series A | – | – | ||
| Aug 2017 | $4.9M | Series A | – | Peterson Partners | – |
| Feb 2016 | $1.81M | Series A | – | – | – |
| Mar 2015 | $105,000 | Debt – Conventional | – | – | – |
3 investors in total: 3 institutional.
Investors in Dwelo
Dwelo has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Level, Peterson Partners and Moderne Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed-stage investments in US tech and offline companies are targeted. | 2003 | petersonpartners.com | Salt Lake City, United States | |
Early-stage investments are provided to US tech and offline companies. | moderneventures.com | Chicago, United States | ||
Smart locks are designed and sold by Level. | 2010 | level.co | Redwood City, United States |
Investor details for Dwelo
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People of Dwelo
17 people are tracked at Dwelo (6 in leadership, 11 in team); the tracked headcount is 49.
| Name | Role | Group |
|---|---|---|
Cade Carter | VP of Sales | Leadership |
Leah Turner | Chief Executive Officer | Leadership |
Michael Meek | Director of Field Services at Dwelo | Leadership |
Andrew Sylvia 💭 | Director of Account Management | Leadership |
David Beenfield | Founder & Chief Fulfillment Officer | Leadership |
Greg Boyle | Director of Sales | Leadership |
Glenn de Falkenberg | Business Development Manager | Team |
Westley Stoddard | Regional Sales Manager | Team |
Ryan Gamache | SDR | Sales Operations | Team |
Jared Crouch | Regional Sales Manager | Team |
Matthew Bilton | Enterprise Regional Sales Manager | Team |
Jackson Bates | Sales Development Representative | Team |
Bree Kennedy | Customer Care Representative | Team |
Benjamin Bjarnson | CSM | Team |
Jordan Jennings | Account Manager | Team |
Torr Keefer | Regional Sales Manager | Team |
Brittney Housley | Project Coordinator | Team |
Complete people profiles for Dwelo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of Dwelo
4 dated milestones of Dwelo across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Dwelo is founded.
- Funding First funding round of $105K.
- Funding Latest funding round, Series A, of $5.6M.
- Exit Acquired by Level.
Competitors of Dwelo
Dwelo has 3 listed competitors in our database, 2 of them funded. They include Vivint, Savant Systems and Resideo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vivint.com | 1999 | Provo, United States | $172M | 11,275 | Cloud-based smart security cameras are manufactured for home use. | |
| savant.com | 2005 | Barnstable, United States | $90M | 168 | Connected devices are managed via an app and hub system. | |
| resideo.com | 2018 | Wilmington, United States | 293 | Smart home products for security and energy efficiency are provided. |
Detailed competitors of Dwelo
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Web traffic of Dwelo
The website of Dwelo (dwelo.com) receives about 7.1K visits a month.
- Monthly visits7.1K
▲ 66.5% vs previous month
Top companies in Energy Efficiency Solutions
3 companies that operate in the same segment as Dwelo (Energy Efficiency Solutions) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168.67 M | |||
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | 109 |
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Related news about Dwelo
Complete news archive for Dwelo
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Frequently Asked Questions about Dwelo
Dwelo was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Dwelo is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Dwelo is a funded company, having raised a total of $19.39M across 7 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $105K, raised on Mar 2015.
Dwelo has 49 employees.
Dwelo was founded in 2014 in San Jose, United States, within the proptech sector. A hub is utilized in apartments to connect with automation devices such as lighting, locks, and thermostats. Property managers are enabled to oversee vacant units and grant tenant access via the platform. Residents are allowed to control home devices through the same system. Operations follow a subscription model, supplemented by upfront costs for smart devices.
Dwelo's top competitors include Vivint, Savant Systems and Resideo.
Dwelo offers Ambient Platform.
Dwelo has 3 investors. Key investors include Level, Peterson Partners, and Moderne Ventures.
Dwelo operates through Dwelo, Inc.
Yes. Dwelo was acquired by Level in November 2021.