What is Phyn?
Phyn, a joint venture between Belkin International and Uponor, is at the forefront of developing intelligent water solutions designed to protect homes and businesses, conserve water, and reduce costs. Their flagship product, Phyn Plus, is an intelligent water monitor that integrates with a home's main water line. Utilizing high-definition pressure sensing and machine learning, it detects leaks and plumbing anomalies, with the capability to automatically shut off the water supply to prevent extensive damage. The company's focus on smart home technology and water management positions it within the growing IoT and smart home security sectors.
How much funding has Phyn raised?
Phyn has raised a total of $37.4M across 4 funding rounds:
Other Financing Round
$10M
Other Financing Round
$15M
Unspecified
$12M
Debt
$350K
Other Financing Round (2018): $10M with participation from Uponor
Other Financing Round (2018): $15M led by Uponor
Unspecified (2019): $12M supported by Uponor and Belkin
Debt (2020): $350K featuring PPP
Key Investors in Phyn
Uponor
Uponor, a Finnish company founded in 1918, is a global provider of systems and solutions for safe drinking water delivery, energy-efficient heating and cooling, and infrastructure. Their investment in Phyn highlights a strategic interest in smart home water management.
Belkin
Belkin, established in 1983, is a well-known manufacturer of consumer electronics, specializing in connectivity devices. Their involvement with Phyn indicates a focus on integrating smart technology into home infrastructure and services.
PPP
Public-Private Partnership
What's next for Phyn?
The recent major strategic investment suggests Phyn is poised for significant scaling and market expansion. This capital infusion will likely be directed towards enhancing product development, broadening distribution channels, and strengthening its market presence. As a joint venture, Phyn benefits from the established expertise and resources of its parent companies, Belkin International and Uponor, enabling it to accelerate innovation and adoption of its intelligent water monitoring systems.
See full Phyn company page
