AAA August Home unlocks $17m in funds

August Home unlocks $17m in funds

August Home, the US-based home technology provider backed by corporates including mass media group Comcast and wireless chipmaker Qualcomm, has raised $17m in new funding according to a regulatory filing.

The round, which has not been announced by the company, could close at up to $25m, according to the filing. The participants have not been disclosed.

August produces a range of smart home products including a smart lock that allows users to open their doors using their phones, and a doorbell camera that enables anyone in the home to view visitors.

The filing was made as August unveiled a partnership with online holiday home rental platform HomeAway that will mean the latter’s customers can get a pin code to open the doors of an August-equipped house they book on the HomeAway platform.

August had previously raised approximately $50m, including $38m in a 2015 series B round led by venture capital firm Bessemer Venture Partners and backed by Qualcomm, Comcast, data storage provider SanDisk, talent agency Creative Artists Agency (CAA) and telecom firms SingTel and KDDI.

Other series B investors included Maveron, Cowboy Ventures, Industry Ventures, Rho Ventures, SoftTech VC, Global Brain and Dolby Family Ventures.

Comcast, Qualcomm, SanDisk, SingTel and CAA took part in the round through their respective corporate venturing units: Comcast Ventures, Qualcomm Ventures, SanDisk Ventures, SingTel Innov8 and CAA Ventures.

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