AVA Inc offers a smart home remote that can be integrated with any ecosystem with native applications. The product is the first remote to be certified by Google.
The AVA Remote was launched earlier this year through professional installers in the USA. AVA has taken this path to target a specific set of well attainable customers that distribute and install the solution to the end-consumer, incentivized with commissions.
This pro-installed smart home industry is a multi-billion dollar market in the USA alone. AVA created an eco-system that removes the needs of software integrations to control all smart home devices in a home. This innovative approach has enabled AVA to partner with all leading smart home manufacturers within just a couple of months after product launch.
The launch has been successful and revenue numbers develop according to AVA’s forecast. Thus AVA has decided to raise a new round to accelerate its growth. The funds will be primarily used to keep scaling in the US market but also to launch a dedicated streaming audio device and keep on developing other products in the pipeline.
We believe AVA is well advanced from a product market fit perspective. Additionally, the team is complementary with experienced entrepreneurs with industry experience and technical capabilities that should be able to steer the company's growth in the upcoming years. And that is why we invested in this Swiss startup again.
