AlertMe Raise £8m Funding

AlertMe Raise £8m FundingToday we’ve had notice that AlertMe, a UK company that develops and sells alarm systems, has raised £8m in series B funding.

Good Energies, Index Ventures, SET Venture Partners and VantagePoint Venture Partners were the investors.

Smart Energy

Originally AlertMe was a home security system – as you might be able to tell from the name.

It utilises ZigBee to communicate between its sensors and the main unit.

Monitoring of the alarm system is carried out via a broadband connection, or if that fails, a cellular data connection.

It sounds like they’re moving beyond that now to monitor homes for energy use – Smart Energy as it’s being labelled.

We understand that they money has been raised to be focused on to that.