KPN Ventures invests in smart intercom solution nello
KPN Ventures has invested in nello, a developer of a smart intercom solution which enables keyless, remote access to residential buildings by upgrading existing intercom systems. The investment is in line with KPN Ventures’ strategy to invest connected home services. KPN joins existing shareholders HBT Holdings and KfW in a financing round of EUR 1.5 million.
Smart solutions for home access are expected to present considerable growth opportunities in the connected home industry. The nello solution gives apartment dwellers the ability to remotely control the main entrance door to the apartment building with their smartphone. It enables keyless entry and the possibility to remotely share access with visitors or delivery companies, optimizing logistics.
“The nello team has developed a very clever proposition, giving family and friends, delivery companies and other service providers remote access to apartment buildings in a simple and safe way,“ says Herman Kienhuis, Managing Director of KPN Ventures, the venturing arm of KPN. “We look forward to supporting nello in the further development of its smart home proposition and in its international roll-out.“
Dr. Christoph Baumeister, Nello Co-Founder and CEO: “The financing round allows us to grow the team, support our market entry and create partnerships with leading European delivery companies. That brings us one step closer to our mission to simplify urban life.“
nello is an IoT company with the mission to simplify urban life. The ability to grant access regardless of where apartment dwellers are revolutionizes the way people experience convenient services such as deliveries to the apartment doorstep. In addition to that, service providers can optimize processes and reduce CO2 emissions. nello is based in Munich. www.nello.io
About KPN Ventures
KPN Ventures is the venturing arm of KPN, The Netherlands’ leading telecom & ICT company. KPN Ventures aims to create value-creating partnership with innovative European technology companies providing access to capital, expertise, network and customer channels. It focuses early growth-stage investments in European technology companies in the segments: Internet of Things, Connected Home, Digital Health, Cyber Security, Mobile/OTT services, Cloud Computing and Data & Analytics. KPN Ventures has its main office in Rotterdam, The Netherlands and has invested in a.o. Actility, EclecticIQ, SecurityMatters, Viloc, Sensara and CardioSecur. www.kpnventures.com | twitter.com/kpnventures
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