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Level Home

Level Home

Designs and manufactures invisible smart locks

About

Level Home designs and manufactures invisible smart locks that integrate seamlessly into the existing design of homes. Their main product, the Level Lock, offers security and durability while maintaining the aesthetic appeal of a home. The locks are easy to install and use, making them accessible for homeowners looking to enhance their security and convenience. Unlike many competitors, Level Lock features a unique design that includes a battery with a one-year lifespan, providing a practical solution for users. The company aims to disrupt the traditional home security market by offering reliable and visually appealing products that simplify home automation.

Company Stage

Series C

Employees

201-500

Industries

Consulting, Hardware, Consumer Goods

Total Funding

$231M

Headquarters

N/A

Founded

2016


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Simplify's Take

What believers are saying

  • The $100 million Series C funding led by Cox Communications and Walmart provides significant financial backing for future growth and innovation.
  • Partnerships with major players like Cox Communications expand Level Home's market presence, particularly in multifamily and residential communities.
  • The introduction of new products like the Level Lock+ and the first smart doorbell for multifamily properties showcases the company's commitment to innovation and market expansion.

What critics are saying

  • The smart home market is highly competitive, with numerous established players that could overshadow Level Home's offerings.
  • Dependence on partnerships for market expansion could pose risks if these relationships falter or if partners shift focus.

What makes Level Home unique

  • Level Home's invisible smart locks offer a unique blend of security and aesthetic appeal, unlike bulkier alternatives in the market.
  • Their direct-to-consumer model, combined with strategic partnerships with home improvement retailers, ensures broad market reach and customer accessibility.
  • The integration of Apple Home Keys and other advanced connectivity features sets Level Home apart in the smart lock industry.

Growth & Insights
Headcount

6 month growth

9%

1 year growth

9%

2 year growth

9%

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