Mobiplug Raises $2.7 Million Series A Financing Round Led By Foundry Group
Mobiplug Networks Inc., a recent TechStars Boulder 2012 graduate, has secured $2.7 million in Series A funding led by Foundry Group. Additional strategic investors include Bullet Time Ventures, SK Ventures, Social Leverage, Clarion Direct Investment, and others. The company also named seasoned entrepreneur, Tim Enwall, as new Chief Executive Officer. As part of the round, Foundry Group's Ryan McIntyre will be joining Mobiplug's Board of Directors.
Fresh out of TechStars Boulder 2012 summer class, Mobiplug offers an affordable all-in-one home monitoring and control solution. Mobiplug makes the smart home a reality for mass market consumers with easy-to-use iPhone and iPad apps, enabling hundreds of off-the-shelf smart household items from retailers such as Amazon, Home Depot, Lowe's, and Best Buy. The Mobiplug applications, associated web services and enabling equipment allow homeowners to achieve comfort, convenience, peace of mind and conservation right from their smartphones, home or away, with a single application experience. These services will also be available to developers who want to create their own immersive home monitoring and control experience.
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