8 years ago

Cocoon Secures £2.46 Million in Equity Crowdfunding

  • Cocoon, a UK-based maker of a smart home security system, has raised £2.46 million in equity crowdfunding

  • The company conducted the campaign on Crowdcube, receiving backing from 1,117 investors and reaching a $15 million valuation

  • The funds will be used to continue expanding operations, growing its retail distribution, insurance partnerships, and improving the product offering

  • Cocoon provides a smart home security product that leverages Subsound® technology, offering a wire-free and hassle-free solution

  • The company currently employs approximately 30 people.

      • ProblemTechnology

      "making home security simple and hassle-free by leveraging Subsound technology"

      Solution

      "a smart home security system that automatically arms and disarms itself, using machine learning to detect unusual sounds and notify users"

      Covered on