What is Deako?
Deako operates at the intersection of smart home technology and residential construction, addressing the friction points that have historically hindered the adoption of connected devices. By developing a modular light switch system, the company simplifies installation and maintenance, effectively removing the complexity that builders and homeowners previously associated with smart home upgrades. This modular approach allows for seamless integration, positioning Deako as a critical component in the modern, future-proofed home ecosystem. The company's growth trajectory, marked by consistent financing rounds, reflects its ability to scale its hardware-as-a-service model within the competitive proptech landscape.
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
Established in 2005 and located in Mountain View, California, Y Combinator provides seed funding for startup businesses and to gauge investors for businesses.
PPP
Public-Private Partnership
Not Disclosed
Undisclosed investor participating in the funding round.
What's next for Deako?
With the recent infusion of $13.4M, Deako is well-positioned to accelerate its market penetration and expand its product suite. The strategic focus will likely shift toward deepening partnerships with large-scale residential developers and enhancing its supply chain resilience. As the company moves beyond its initial growth phase, the emphasis will remain on standardizing smart home connectivity, ensuring that its modular architecture becomes the default choice for new construction projects. Continued investment in R&D will be essential to maintain its competitive edge against legacy electrical component manufacturers.
See full Deako company page
