Smartfrog raises $10m round from Target et al.

Smartfrog plans to use the fresh capital for its international expansion. According to the company, the home surveillance market will be worth $18bn by 2017.

e.ventures operates globally across the US, Europe, China and Brazil, investing $550,000-30m in technology startups. Among its funding partners are retailers such as Otto Group, Metro Group and REWE Group.

Target Global has offices in San Francisco, Berlin and Moscow. The VC focuses primarily on companies in the e-commerce, fintech, travel, software and mobile sectors. Its fund invests $3-30m per deal in series-B and later-stage opportunities, as well as $200,000-500,000 at seed and series-A stage.

Company
Founded in 2015 and based in Berlin, Smartfrog is a tech company focused on the internet-of-things – connecting household objects to the internet, potentially via an app. The company offers a home security solution that enable users to manage up to 10 cameras and video storage via a dedicated app.

People
Target Global – Yaron Valler (partner).
e.ventures – Andreas Haug (general partner).
Smartfrog – Andreas Rudyk (CEO).

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