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We make beautiful connected light switches that allow you to control…
Deako has raised $29.3M across 6 funding rounds.
Key people at Deako.
Deako was founded in 2016 by Derek Richardson (Founder/CEO).
Deako has raised $29.3M in total across 6 funding rounds.
Deako believes that everyone should be able to enjoy the wonderful experiences of smart lighting, regardless of their budget. We invented the modular light switch, giving homeowners maximum flexibility to customize and upgrade their systems, at any time, in minutes and without turning off the power. Deako’s beautiful designer switches are like nothing else on the market today. Deako Smart Lighting has been named the #1 Smart Lighting Control System by TecHome Builder, Top 25 Innovative IOT Companies by Entrepreneur, featured in “I Want That!” episode on DIY Network, Top 50 most promising Startups by Bloomberg, and “Changing The Way Builders Spec Light Switches” - Builder Magazine.
Deako was founded in 2016 by Derek Richardson (Founder/CEO).
Deako has raised $29.3M in total across 6 funding rounds.
Deako's investors include Columbia Pacific Advisors, ACME Capital, Bob, ENIAC Ventures, LAUNCH, Tekton Ventures, Justin Mateen, Richard Branson, Shervin Pishevar.
Key people at Deako.
Deako builds modular smart light switches that enable homeowners to easily control, customize, and automate their home lighting without the need for electricians or complex wiring. Their product line includes smart switches with features like motion detection, dimming, and multi-way lighting control enabled by their proprietary Magic Linking™ technology, which simplifies installation and setup. Deako primarily serves homeowners and homebuilders, partnering with major builders such as D.R. Horton and Toll Brothers to integrate smart lighting into new homes. The company addresses the problem of complicated, costly smart home lighting installations by offering a plug-and-play, future-proof system that is flexible and easy to upgrade, driving growth through innovation and builder partnerships[1][2][4].
Founded in 2015 by Derek Richardson in Seattle, Deako originated from Richardson’s frustration with the complexity and cost of installing smart lighting in his own home. A conversation with a neighbor in the homebuilding industry revealed that builders were avoiding smart home tech due to these barriers. This insight inspired Richardson to create a modular lighting system that could be easily installed and customized without electricians. Early traction came from the company’s ability to simplify smart lighting for builders and homeowners alike, leading to recognition as a top smart lighting control system and partnerships with leading homebuilders[1][2].
Deako rides the growing trend of smart home automation and the increasing demand for user-friendly, customizable smart lighting solutions. The timing is favorable as homeowners seek energy efficiency, convenience, and security through connected devices, but are deterred by complexity and cost. Deako’s plug-and-play modular system lowers these barriers, accelerating smart home adoption. By partnering with builders, Deako influences the ecosystem by embedding smart lighting at the construction phase, shaping future home technology standards and expanding the market for interoperable smart home devices[1][2][6].
Deako is positioned to expand its influence by continuing to innovate in modular smart lighting and deepening builder partnerships. Trends such as voice control, energy efficiency, and integrated home security will shape their product evolution. Their Magic Linking™ technology and app improvements suggest a focus on seamless user experience and scalability. As smart homes become mainstream, Deako’s easy-to-install, customizable platform could become a standard in new builds and renovations, potentially expanding into broader smart home ecosystems beyond lighting[1][5][6]. Their mission to make smart homes effortless aligns with growing consumer expectations for intuitive, flexible home technology.
Deako has raised $29.3M across 6 funding rounds. Most recently, it raised $12.5M Series B in March 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 22, 2021 | $12.5M Series B | ||
| Jul 25, 2019 | $3.5M Other Equity | Columbia Pacific Advisors | |
| May 29, 2018 | $4.0M Other Equity | ||
| Jul 1, 2016 | $3.5M Other Equity | ||
| Jun 1, 2016 | $4.0M Seed | ACME Capital, Bob, ENIAC Ventures, LAUNCH, Tekton Ventures, Justin Mateen, Richard Branson, Shervin Pishevar | |
| Apr 14, 2016 | $1.8M Other Equity |