Dwelo: Funding, Investors & Team (Oct 2026)
Dwelo is a Smart Device Management (SDM) platform built to increase multifamily owners’ Net Operating Income. Dwelo connects with switches, thermostats, and locks, and pairs them with their hub to provide powerful web and mobile software. Residents get to live in the future, managers convert legwork into click work and owners capture strong returns. Dwelo is the best and only smart home platform purpose-built for the multifamily industry. Its software, hardware, and service platform enables the owners and managers of multifamily properties to offer smart homes as an amenity to their residents and simultaneously improves the efficiency of property operations. It was founded in 2014 and is headquartered in Draper, Utah.
Dwelo has raised $100M across 1 funding round on record, the most recent a Series C of $100M announced in Nov 2021.
That round is above the $7.7M median round size for Consumer Electronics companies tracked on FundedIQ over the last two years.
Dwelo Company Profile and Key Stats
Latest funding round on record: Nov 2021.
Dwelo Funding Rounds
Dwelo Founders and Leadership Team
No contact details are on record for this team yet.
Dwelo Funding Compared to Other Consumer Electronics Startups
Dwelo's latest round of $100M is above the median round in Consumer Electronics. Medians cover the last 24 months of disclosed rounds.
Funded Startups Like Dwelo in Consumer Electronics and Draper
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Dwelo Funding FAQs
What does Dwelo do?
Dwelo is a Smart Device Management (SDM) platform built to increase multifamily owners’ Net Operating Income. Dwelo connects with switches, thermostats, and locks, and pairs them with their hub to provide powerful web and mobile software. Residents get to live in the future, managers convert legwork into click work and owners capture strong returns. Dwelo is the best and only smart home platform purpose-built for the multifamily industry. Its software, hardware, and service platform enables the owners and managers of multifamily properties to offer smart homes as an amenity to their residents and simultaneously improves the efficiency of property operations. It was founded in 2014 and is headquartered in Draper, Utah.
How much funding has Dwelo raised?
Dwelo has raised $100M across 1 round on record. The most recent is a Series C of $100M announced in Nov 2021.
When did Dwelo last raise funding?
Dwelo's most recent funding round on record is a Series C of $100M, announced in Nov 2021.
Who is the CEO of Dwelo?
Michael Rovito is listed as CEO at Dwelo.
Where is Dwelo headquartered?
Dwelo is based in Draper, Utah, United States.
How many employees does Dwelo have?
Dwelo is in the 51-100 employee band.
How does Dwelo's funding compare to other Consumer Electronics startups?
Dwelo's latest round of $100M is above the $7.7M median round size for Consumer Electronics companies on FundedIQ across 1,547 tracked companies over the last two years.
About FundedIQ's Dwelo Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Dwelo is left off this page rather than filled in.
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