What is pHin?
Headquartered in Campbell, California, pHin is dedicated to becoming the central hub for the connected backyard. The company is actively transforming the pool and spa industry by developing smart technology solutions aimed at simplifying maintenance and enhancing the outdoor living experience for consumers. By providing intelligent monitoring and control, pHin enables users to spend more time enjoying their outdoor lifestyle and less time on upkeep.
How much funding has pHin raised?
pHin has raised a total of $9.2M across 2 funding rounds:
Angel/Seed
$2.2M
Series A
$7M
Angel/Seed (2015): $2.2M with participation from Playground Global
Series A (2016): $7M led by Playground Global and Tandem Capital
Key Investors in pHin
Playground Global
Playground Global is a venture capital firm that invests in founders leveraging frontier technologies to build transformational businesses. They specialize in early-stage entrepreneurs across various domains including AI, automation, life sciences, and cybersecurity, offering significant expertise to help companies achieve their potential.
Tandem Capital
Tandem Capital is a seed-stage investment firm based in Silicon Valley, focusing on disruptive startups that utilize technology and innovative go-to-market strategies. They provide long-term support, particularly in sectors like transportation, logistics, and media/entertainment, backing companies poised for significant industry disruption.
What's next for pHin?
With the recent strategic investment, pHin is poised to accelerate its market penetration and further develop its connected backyard ecosystem. The company's focus on smart technology in a traditionally underserved market suggests a strategy geared towards scaling operations and expanding its product offerings. Future growth will likely involve enhancing user experience, integrating with other smart home platforms, and potentially exploring adjacent markets within the outdoor living sector. This latest round of financing provides the capital necessary to pursue these ambitious objectives and solidify its position as a leader in smart pool and backyard management.
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