KPN Ventures backs Locumi Labs in €1.5m funding round

The company's Nello product is the second electronic access solution launched by the company since 2014.

Locumi will use the new money to expand the team and create partnerships with European delivery companies.

Previous funding
The company raised €800,000 in seed funding after rebranding its flagship product from Monkey to Nello. HBT and KfW both invested in the original round.

Company
Locumi was founded in May 2014 in Munich with the intention of developing an electronic parcel bag that would allow people to send and receive packages from their doorstep.

However the parcel bag product was sold to Burg-Wächter in 2015 so that the team could focus on developing wireless access to apartments instead. Nello gives residents the ability to remotely control their apartment doors and locking system with their smartphone and remotely share access with delivery companies and visitors.

People
KPN Ventures – Herman Kienhuis (managing director).
Locumi Labs – Christoph Baumeister (co-founder, CEO).

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• Topics
• Expansion
• DACH
• Technology
• Germany
• Venture