Up to Eleven backs Nuki's €2m seed round

All backers except company builder Up to Eleven are new to the investor group. Venta Beteiligungs is the investment arm of the eponymous real estate group. Aquis Sanitär sells sanitary equipment, while Aws Wirtschaftsservice is an Austrian government bank.

Nuki's door lock system was supposed to be ready for delivery in Q4 2015. However, after a number of delays, the startup hopes to ship its product in May 2016. The company claims it has accrued 4,000 orders to date.

Previous funding
In 2015, Nuki raised €385,000 via crowd funding platform Kickstarter.

Company
Founded in 2014 by company builder Up to Eleven in Graz, Nuki Smart Lock is a system that works with European door cylinders. It allows home locks to be opened and closed automatically by smartphone. Nuki can be controlled via bluetooth and wifi. The company has been taking pre-orders since August 2015.

People
Nuki – Martin Pansy (CEO).

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• Topics
• Early-stage
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