Teaako raises $1.8M for smart-home light switches

Taylor Soper for GeekWire:  Seattle-based Deako has raised $1.8 million to help fuel growth of its smart-home light switch product.
The 15-person company raised the fresh cash from a mix of angel investors and micro-VCs, and has reeled in $3.3 million to date. It develops simple switches that let people control lights in their house by either touch or a smartphone app.

Deako’s customers are not home-buyers but rather home-builders and their electricians, who install the product in new homes.

“It’s difficult for people to swap out their existing bulbs,” Deako CEO and co-founder Derek Richardson told GeekWire. “We thought it would be best if a home or apartment already has our product when they move in. Our vision is that everyone should be able to benefit from a smart-home, and the best way to do that is for products to be pre-installed when you move in.”  

Richardson said the idea to launch Deako about one year ago came about after he bought a new house and needed to swap out the light switches. He did research around in-home smart lighting and “everything was ugly, expensive, and complicated.”  Cont'd...

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