Total amount raised
$203.7 Million
Latest funding date
1/1/2017
Location
Ring has raised funding over five rounds, with notable investors including Felicis, DFJ Growth, Goldman Sachs Investment Partners, and Qualcomm Ventures. The latest funding was secured through a Series D round involving 11 investors.
Keep reading to explore the intricacies of Ring's fundraising journey and the investors backing this innovative home security platform.
What Is Ring?
Ring is a company dedicated to making neighborhoods safer through innovative home security products like cameras, alarms, and doorbells. The company operates in the Consumer Electronics, Security, and Smart Home industries.
Founded in Santa Monica, California, Ring has grown significantly and now employs between 1001 and 5000 people. The company has been acquired by Amazon and continues to provide homeowners with a line of preventative security doorbells and cameras.
How Much Funding Has Ring Raised?
- Seed Round
- Amount Raised: USD 1,000,000
- Date: December 2013
- Lead Investors: First Round Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and bring it to market.
- Series A
- Amount Raised: USD 4,500,000
- Date: July 2014
- Lead Investors: True Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale production and expand the product line.
- Series B
- Amount Raised: USD 28,000,000
- Date: August 2015
- Lead Investors: American Family Insurance, Shea Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and increase market penetration.
- Series C
- Amount Raised: USD 61,200,000
- Date: March 2016
- Lead Investors: Kleiner Perkins
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the launch of new products and expand market reach.
- Series D
- Amount Raised: USD 109,000,000
- Date: January 2017
- Lead Investors: DFJ Growth, Goldman Sachs Investment Partners, Qualcomm Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support product development, international expansion, and prepare for an IPO.
Total Amount Raised: USD 203,700,000. Current Valuation: Not publicly disclosed.
Key Investors
- DFJ Growth
- Details: DFJ Growth is a venture capital firm that focuses on high-growth technology companies. They were a lead investor in Ring's Series D funding round.
- Investment Focus Areas: Technology, Clean Energy, Space
- Notable Investments: SpaceX, Tesla, Box
- Goldman Sachs Investment Partners
- Details: Goldman Sachs Investment Partners is a division of Goldman Sachs that invests in a wide range of sectors. They were a lead investor in Ring's Series D funding round.
- Investment Focus Areas: Technology, Healthcare, Consumer Products
- Notable Investments: Uber, Spotify, Pinterest
- Qualcomm Ventures
- Details: Qualcomm Ventures is the investment arm of Qualcomm Incorporated, focusing on mobile and wireless technologies. They were a lead investor in Ring's Series D funding round.
- Investment Focus Areas: Mobile, Wireless Technologies, IoT
- Notable Investments: Zoom, Waze, Fitbit
- Kleiner Perkins
- Details: Kleiner Perkins is a venture capital firm that invests in early-stage and growth companies. They were a lead investor in Ring's Series C funding round.
- Investment Focus Areas: Technology, Healthcare, Green Tech
- Notable Investments: Google, Amazon, Twitter
- True Ventures
- Details: True Ventures is a venture capital firm that invests in early-stage technology startups. They were a lead investor in Ring's Series A funding round.
- Investment Focus Areas: Technology, Consumer Products, Health
- Notable Investments: Fitbit, Peloton, Ring
What's Next for Ring?
Ring's future looks promising with significant opportunities for international expansion and new product development. The company aims to leverage its recent $109 million funding to enhance its market presence and introduce innovative security solutions. With a strong presence in 100 countries and 15,000 retail locations, the potential for growth is substantial.
Future fundraising opportunities are on the horizon, with plans for an IPO by the end of the year. This move could provide the necessary capital to support further expansion and product innovation. However, Ring may face challenges such as intense competition, rapid technological changes, and the need to maintain high growth rates.
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