Keen Home raises $1.5M seed round
Connected home startup Keen Home today announced it has closed a $1.52 million seed round. The investments will at last make a reality out of the smart heating vents the company demoed back in 2013, and which were originally promised to be delivered to Indiegogo backers back in March.
Of course, the life of a startup rarely goes as planned. When the March deadline rolled around, Keen Home wrote to its backers: “We could have rushed a sub-par product out into the market, but that would not have been fair to you, our earliest supporters. Nor would rushing something out fulfill our true vision for the product.” At the time, Keen had established partnerships with SmartThings and Lowe’s, and expected to reach production by October. Now, those partnerships are solidified (plus one withWink), and production is set for spring 2015.
RMR Capital led the seed round, and was joined by R/GA Ventures, Bullet Time Ventures, NYU Innovation Venture Fund, Rugged Ventures, Galvanize Ventures, and Brand Foundry Ventures, plus strategic investors American Family Ventures and Comporium, Inc. Keen was a member of the inaugural class of the R/GA-Techstars accelerator in 2013.
Keen Vents tackle intelligent home heating by offering granular, room-by-room control that smart thermostats can’t provide. The wirelessly connected vents automatically (or manually, through an app) open and close to keep each part of the house heated comfortably and efficiently. Engadget reportsthat Keen’s next product may be a connected sump pump that will provide early warnings of basement flooding.