Next week our equity crowdfunding campaign in Canada is scheduled to close at 11:59 ET on April 30. So today, I wanted to take a moment to answer some of the questions that we’ve received on our raise.
A lot of these questions have centered around our valuation, which I want to take some time here to deep dive on.
The global Smart Home industry totaled $158 billion in 2018, and is expected to grow to $262.6 billion by 2025. Our segment of the smart home industry is still in its infancy. The smart shade market totaled $162 million in 2019 but is projected to grow to nearly $1.5 billion by 2024.
Over the last decade or so, numerous smart home startups have raised significant capital in their Series A phase:
And as the smart home industry has matured, the market has seen some really big exits, with numerous acquisitions by giant tech companies. Assay Abloy acquired August Lock. Google acquired DropCam for $550 million and Nest for a whopping $3.2 billion. And Amazon has been on a tear lately, having acquired Blink for $90 million, and more recently Ring for $1.2 billion.
We’re so excited to be building a team of investors and we want you to take part. Remember – if you invest more than $2,500, you’ll receive a complimentary SmartShade. And there are of course more substantial product perks for larger investments. Learn more and invest on frontfundr.com/ryse before it’s too late. You have just one week left to be a part of the smart home revolution!
And if you have any questions about your role as an investor, or about RYSE’s plans for growth, you can schedule a 15-minute call with me here.
All the best,