14 Jun Notion Raises $10 Million to Take Smart Home Awareness Mainstream
Notion, the complete home awareness solution powered by an all-in-one IoT smart home sensor, today announced that it has secured $10 million in Series A funding. Led by Draper Nexus and TransLink Capital, with additional participation from existing investors XL Innovate, Mesh Ventures and others, the latest round brings Notion’s total funding to approximately $15 million since its launch in 2013.
Notion, which has partnered with three of the top five home insurance providers in the country to offer a cost-effective loss mitigation system and home telematics solution, will use the new funding to expand those existing partnerships, as well as pursue new relationships with leading property insurers. The capital will also support product development and manufacturing, increased marketing efforts, and critical hires across the company’s engineering, data science and marketing departments.