How Much Did On Controls Raise?
Funding & Key Investors

On Controls has successfully secured a significant capital injection, bringing its total funding to $3.9M. This latest round, characterized as a major strategic investment of $2.5M, underscores the company's evolving role in the home automation and universal control software sector. By leveraging this influx of financing, the firm is positioned to accelerate its product development lifecycle and expand its footprint within the competitive landscape of smart device integration.

The trajectory of On Controls, from its early-stage origins to its current enterprise-level maturity, reflects a consistent ability to attract institutional backing. This recent infusion of capital serves as a critical milestone, enabling the organization to refine its proprietary technology stack and enhance its user-centric interface for a broader demographic of consumers and professional installers.

What is On Controls?

On Controls
SoftwareMobile App Development

On Controls operates at the intersection of consumer electronics and software-defined control systems. The company provides a robust application framework that converts mobile devices—including iOS and Android platforms—into sophisticated universal remote controls. By prioritizing a streamlined user experience, On Controls empowers non-technical users to orchestrate complex audio-video environments with ease and reliability. Its market position is defined by a modular, upgradeable architecture that adapts to the shifting requirements of modern smart home ecosystems, effectively bridging the gap between high-end professional installations and consumer-grade accessibility.

How much funding has On Controls raised?

On Controls has raised a total of $3.9M across 3 funding rounds:

2013

Series A

$1.3M

Series B

$100K

2014

Private Equity

$2.5M

Series A (2013): $1.3M with participation from Detroit Venture Partners, Lis Ventures, and Compuware Ventures

Series B (2013): $100K led by IncWell

Private Equity (2014): $2.5M supported by Detroit Venture Partners

Key Investors in On Controls

Detroit Venture Partners

A venture capital firm focused on seed and early-stage technology companies, with a specific mandate to foster innovation and urban growth within the Detroit startup ecosystem.

Lis Ventures

An investment group that provides strategic capital and operational guidance to high-growth technology ventures, often focusing on scalable software and hardware solutions.

Compuware Ventures

The corporate venture arm of a major technology enterprise, specializing in backing innovative software companies that align with broader digital transformation and infrastructure goals.

What's next for On Controls?

With the successful closure of this major strategic investment, On Controls is poised to transition into a phase of aggressive market penetration and technological refinement. The company's strategic roadmap likely involves deepening its integration capabilities with emerging IoT protocols and expanding its distribution channels to capture a larger share of the home automation market. By focusing on scalability and user-experience optimization, the firm aims to solidify its status as a primary software layer in the connected home. Investors will be monitoring the company's ability to maintain its competitive edge as it scales operations and navigates the complexities of the rapidly evolving smart home industry.

See full On Controls company page
See More Financial Insights
No matching results.
Refine your search.

Additional financial insights in the Software industry

Financial SoftwareSoftwareContent & Collaboration SoftwareMedia & InternetLive Blogging
Financial SoftwareSoftware
Content & Collaboration SoftwareSoftwareEducationTraining
Healthcare SoftwareSoftware

Frequently Asked Questions Regarding On Controls Financial Insights

What are the most recent funding rounds that On Controls has completed, and what were the funding rounds?
On Controls has recently completed 3 funding rounds: Private Equity on Nov 20, 2014, Series B on Jul 22, 2013, Series A on Feb 19, 2013.
What is the total amount of funding On Controls has raised to date?
On Controls has raised a total of $3.9M in funding to date.
How many funding rounds has On Controls completed?
On Controls has completed 3 funding rounds.
How much funding did On Controls raise in its most recent funding round?
On Controls raised $2.5M in its most recent funding round.
Who are the lead investors in On Controls's latest funding round?
The lead investor in On Controls's latest funding round was Detroit Venture Partners. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in On Controls's history?
The largest funding round in On Controls's history was $2.5M.
See more information about On Controls