HOMYHUB has been able to successfully complete its first seed round of 700.000 euros and now ready to reach more than 300.000 thousand garages in the next five years.
Before raising this round, HOMYHUB invested 150.000 euros coming from early sales, awards, grants and investment from Startupbootcamp IoT. This helped the company to develop its product and do a successful pilot with Correos for the service of in garage package delivery. Which ended up in a successful contract for commercial launch. Also providing a boost in the first production phase and marketing actions.
These results led HOMYHUB to its recent and successful seed investment round, made through equity crowdfunding and seeking to obtain 300,000 euros. The startup exceeded its objective and received a total of 450,000 euros from prominent early stage investors investors such as Andreas Mihalovits, Tom Horsey, Sergio Diez, Jorge Martínez-Arroyo, Samuel Fuentes, and many other relevant ones who are also part of the team and who rely on the disruptive solution of HOMYHUB.
Added this round of investment, HOMYHUB successfully obtained a grant NEOTEC of 230,000 euros from the Center for Technological and Industrial Development (CDTI). Although more than 800 Spanish companies applied to receive this aid, only 80 received a maximum subsidy of 250,000 euros, including HOMYHUB.
This is how the company manages to add nearly 700,000 Euros to meet its investment objective and move forward with more strength in the fulfillment of its mission.
HOW THE INVESTMENT WILL BE USED
The investment will be spread across various growth process: product and service launch, marketing, key hirings and expansion.
After a super successful crowdfunding round, the company had added more than 180 people in the team. These people are the ones who have not only invested monetarily but also showcased their trust in HOMYHUB’s solution. Their expertise and support will be a key part in the growth and success of the startup.