Glue AB
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Glue AB - overview
Established
2014
Location
Stockholm, -, Sweden
Primary Industry
Consumer Products
About
Glue AB is a technology company specializing in smart home solutions, primarily offering a smart door lock system that enhances home security and convenience for users. Founded in 2014 and headquartered in Stockholm, Sweden, Glue AB focuses on innovative smart home technologies. The company was founded by Carl Grandinson, who has been involved in previous ventures. Glue AB has executed 4 deals, with the most recent funding round occurring on June 23, 2019, raising SEK 50 million led by Lundin Petroleum AB.
Glue Home provides innovative smart home solutions centered around its flagship product, the Glue Smart Door Lock, along with ancillary services that enhance home security and convenience. The smart lock integrates seamlessly with the Glue InHome platform, allowing users to manage access to their homes remotely via mobile devices or the Glue Apple Watch app. This system enables sharing of digital keys and tracking of door activity, addressing the need for secure, convenient entryways in modern households. The company’s services extend to facilitating package deliveries and other services directly into users' homes, catering to consumers seeking increased convenience in e-commerce and daily living.
Glue Home markets its products primarily in Europe and North America, targeting tech-savvy homeowners and renters looking to streamline their daily routines with smart home technology. In 2022, Glue Home reported a revenue of SEK 31,346 and an EBITDA of SEK -2,796,903. 7, reflecting its operational performance in the smart home market through direct-to-consumer sales of products and associated subscription services. Glue AB plans to leverage its recent funding of SEK 50 million raised on June 23, 2019, to enhance product development and expand its market presence.
The company is focused on launching new smart home products and entering additional markets across Europe and North America by the end of 2024. This strategic expansion aims to meet the increasing demand for smart home technology and integrate more services into its offerings.
Current Investors
Alfven & Didrikson, MOOR Holding, Lundin Petroleum AB
Primary Industry
Consumer Products
Sub Industries
Consumer Electronics, Monitoring & Security Software
Website
www.gluehome.com
Verticals
E-commerce, IoT (Internet of Things), Mobile Apps
Company Stage
Angel & Seed
Total Amount Raised
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