Universal remote manufacturer Revolv has raised $4m in a series A round from American Family and Foundry Group.
Insurance company American Family and Venture Capital firm Foundry Group have invested in a $4m series A round into US-based Revolv. There was also involvement from other angel investors. Revolv, via a small hub, allows users to control hundreds of wireless-enabled items through their smart phones.
The new funds will be used to increase the company’s number of employees and for continued product development.
Revolv raised $2.7m in seed funding in 2012 from Foundry Group, SK Ventures, John Ives, Social Leverage, Clarion Direct Investment and David Cohen.
Revolv is a graduate of the start-up accelerator Techstars in Boulder, USA.
