Tech Company Financing Transactions

Eero Funding Round

Eero, based in San Francisco, secured $50 million in investment from Menlo Ventures, First Round Capital and Index Ventures.

Transaction Overview

Company Name
Eero
Announced On
5/25/2016
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Undisclosed
Investors

Menlo Ventures (Lead Investor) (Mark Siegel)

First Round Capital (Rob Hayes)

Index Ventures (Mike Volpi)

Playground Global (Andy Rubin)

Redpoint Ventures (Satish Dharmaraj)

Shasta Ventures (Robert Coneybeer)

Proceeds Purpose
The funding will be used to expand distribution, provide world-class customer support, and grow the team. eero will also be available for the first time at a brick and mortar retailer, launching in over 500 Best Buy stores in the U.S. this summer and on BestBuy.com next week.

Company Information

Company Status
Acquired or Merged
Industry
Wireless
Mailing Address
230 9th St.
San Francisco, CA 94103
USA
Phone
(800) 952-5210
Website
www.eero.com
Email Address
Not Recorded
Overview
eero is the world s first home WiFi system. A set of three eeros covers the typical home. They work in perfect unison to deliver hyper-fast, super-stable WiFi to every square foot. It s simple to set up. Easy to manage. And gets better over time with new features and improved performance.
Profile
Eero LinkedIn Company Profile
Social Media
Eero Company Twitter Account
Company News
Eero News
Facebook
Eero on Facebook
YouTube
Eero on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Nick Weaver
  Nick Weaver LinkedIn Profile  Nick Weaver Twitter Account  Nick Weaver News  Nick Weaver on Facebook
Co-Founder
Nate Hardison
  Nate Hardison LinkedIn Profile  Nate Hardison Twitter Account  Nate Hardison News  Nate Hardison on Facebook
Co-Founder
Amos Schallich
  Amos Schallich LinkedIn Profile  Amos Schallich Twitter Account  Amos Schallich News  Amos Schallich on Facebook

 

 

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Prev: 5/25/2016: Stem venture capital transaction
Next: 5/25/2016: AdTriba venture capital transaction

 

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