Friday, October 20, 2017

Maveron Portfolio Company, August Home, Acquired For Smart Lock Technology

August Home, the smart lock maker which is backed by Maveron, has been acquired by ASSA ABLOY. Financial details of the acquisition were not announced. August was venture backed by Bessemer Venture Partners, Comcast Ventures, Maveron, Qualcomm Ventures, AGL, Liberty Mutual and SPDG. The company had raised $75M in total. August is based in San Francisco. Maveron's David Wu led an $8M investment in 2013, saying that August had the potential to be a "potentially standout, category-defining consumer brand".