News - August, 2021
Munich/Luxembourg – August 06, 2021 – Cipio Partners participates in a €20m growth equity round along existing investors Up to Eleven, Fortuna and Venta in the Graz-based company Nuki Home Solutions GmbH. The capital will be used to expand market leadership in Europe.
Nuki Home Solutions is the leading provider of retrofit, smart access solutions in Europe. Its product portfolio ranges from Nuki Smart Lock 2.0 (electronic door lock), Nuki Opener (entrance doors of apartment buildings can be opened via the intercom by using a smartphone), accessories, like the Keypad and the Fob (allow access without a smartphone) to Nuki Smart Door (a motorized door with all Nuki features integrated). In combination with the Nuki smartphone app and a wide range of integration options in well-known smart home systems, Nuki offers its users significant benefits in convenience and security with its revolutionary smart access solutions.
Martin Pansy, co-founder and CEO of Nuki Home Solutions GmbH explains: “The market for smart access is growing exponentially. I am proud that Nuki is significantly driving these developments as the market leader in Europe. With this investment round we can consistently advance our vision of revolutionizing the access to homes”.
“The smart home market is in an investment frenzy these days. We believe Nuki, - with its leading product offering, clear value propositions to its users, multi-channel presence and substantial revenues - is one of the most compelling investment propositions around,” as commented by Alexander Brand, Managing Partner of Cipio Partners.
Nuki will use the funds to grow its team substantially and to invest in its technology. Over the coming years, the team will more than double from today's 100 employees. Additionnally, over 10 million euros will be invested in the development of new products and technologies.
Nuki Home Solutions GmbH was founded in Graz (Austria) in 2014. After successful crowdfunding in 2015, the company has grown steadily and employs more than 100 people in Graz. In addition to the established Smart Lock in the current version 2.0 and an extensive range of accessories, Nuki is working hard to further develop smart access solutions for a completely keyless future. Further information can be found at http://nuki.io/en/.
About Cipio Partners
Founded in 2003, Cipio Partners is a leading investment management and advisory firm for European Growth Capital & Minority Buyouts for Technology Companies. Cipio Partners targets European growth stage technology businesses with €10-50 million in revenue and makes initial investments ranging from €3-10 million. Cipio Partners operates from offices in Luxembourg and Munich. Further information is available at www.cipiopartners.com
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