What is Deako?
Deako operates at the intersection of home automation and residential construction, addressing the friction points that have historically hindered the adoption of smart technology. Founded on the premise that installation complexity and maintenance overhead deter builders, the company developed a proprietary modular light switch system. This innovation allows for the rapid, safe, and simplified integration of smart features into new home builds, effectively bridging the gap between consumer demand for connected living and the practical requirements of home developers. By standardizing the hardware interface, Deako has positioned itself as a critical infrastructure provider for modern residential projects.
How much funding has Deako raised?
Deako has raised a total of $47.2M across 9 funding rounds:
Private Equity
$2M
Multiple Rounds
$12.1M
Unspecified
$2.1M
Series A
$4.8M
Debt
$350K
Series B
$12.5M
Unspecified
$13.4M
Private Equity (2015): $2M, investors not publicly disclosed
Unspecified (2016): $1.8M led by Y Combinator
Private Equity (2016): $6.8M, investors not publicly disclosed
Series C (2016): $3.5M, investors not publicly disclosed
Unspecified (2017): $2.1M, investors not publicly disclosed
Series A (2018): $4.8M with participation from not disclosed
Debt (2020): $350K led by PPP
Series B (2021): $12.5M, investors not publicly disclosed
Unspecified (2022): $13.4M, investors not publicly disclosed
Key Investors in Deako
Y Combinator
A premier startup accelerator and venture capital firm that provides early-stage financing and mentorship to high-growth technology companies.
Undisclosed Investor
Undisclosed investor participating in the funding round.
Undisclosed Investor
Undisclosed investor participating in the funding round.
What's next for Deako?
With the infusion of recent capital, Deako is well-positioned to accelerate its market penetration and deepen its integration with large-scale residential developers. The company's strategic roadmap likely involves expanding its product portfolio beyond modular switches to encompass a broader suite of smart home hardware that maintains the same ease-of-installation philosophy. As the industry shifts toward more connected, energy-efficient living environments, Deako's focus on reducing the total cost of ownership for builders and homeowners alike will be instrumental in maintaining its competitive advantage. Future growth will likely be driven by strategic partnerships with national homebuilders and the continued refinement of its supply chain to support high-volume deployments.
See full Deako company page
