About Insteon
Insteon is a company based in Irvine (United States) founded in 1992 was acquired by Richmond Capital Partners in June 2017. It operates as a Direct-to-Consumer (D2C). Insteon has raised $7.31 million across 1 funding round from investors including Richmond Capital Partners. Insteon offers products and services including Insteon Hub 2 and i3 Dial Dimmer.
- Headquarter Irvine, United States
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Insteon
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.31 M (USD)
in 1 rounds
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Latest Funding Round
$7.31 M (USD), Series A
Jun 05, 2017
- Investors
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Employee Count
Employee Count
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Acquired by
Richmond Capital Partners
(Jun 13, 2017)
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Products & Services of Insteon
Insteon offers a comprehensive portfolio of products and services, including Insteon Hub 2 and i3 Dial Dimmer. 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.
Central controller for connected home with remote access.
Smart dimmer for precise control of lighting fixtures.
Funding Insights of Insteon
Insteon has successfully raised a total of $7.31M through 1 strategic funding round. The most recent funding activity was a Series A round of $7.31 million completed in June 2017. 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 1
- Last Round Series A — $7.3M
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First Round
First Round
(05 Jun 2017)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Series A - Insteon | Valuation |
investors |
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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 Insteon
Insteon has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Richmond Capital Partners. 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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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 Insteon
| 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 - Insteon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Insteon Comparisons
Competitors of Insteon
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Insteon
When was Insteon founded?
Insteon was founded in 1992 and raised its 1st funding round 25 years after it was founded.
Where is Insteon located?
Insteon is headquartered in Irvine, United States. It is registered at Irvine, California, United States.
Is Insteon a funded company?
Insteon is a funded company, having raised a total of $7.31M across 1 funding round to date. The company's 1st funding round was a Series A of $7.31M, raised on Jun 05, 2017.
What does Insteon do?
Insteon is focused on delivering intelligent lighting and home automation systems for residential use. Products are designed to be scalable and user-friendly, allowing easy setup without professional assistance. The company operates in the consumer electronics sector, offering solutions like hubs, dimmers, switches, and sensors. Their patented dual-mesh technology ensures reliable signal transmission. Support is provided by a dedicated US-based team to assist with home connectivity.
What products or services does Insteon offer?
Insteon offers Insteon Hub 2 and i3 Dial Dimmer.
Who are Insteon's investors?
Insteon has 1 investor. Key investors include Richmond Capital Partners.