Futurehome is a technology company.
Futurehome has raised $1.0M across 1 funding round.
Futurehome has raised $1.0M in total across 1 funding round.
Futurehome is a Norwegian proptech and smart energy startup founded in 2013 that builds wireless smart home systems, including the Smarthub hub and custom devices, enabling users to control, automate, and monitor home appliances, energy use, security, and safety via a intuitive app.[1][2][3][4] It serves "Do-It-For-Me" consumers seeking affordable, professional installations—reducing costs by up to 80% through online tools—alongside B2B partners like installers, while solving high installation expenses and complexity in traditional smart homes.[1][4] The company targets mass-market adoption with open standards like Z-Wave and Zigbee, employing 11-50 people and showing growth through in-house hardware/software development and partnerships with Nordan, Gilje, ID-Lock, and Zaptec.[1][2]
Futurehome was founded in 2013 in Stavanger, Norway, as a tech startup aiming to democratize smart homes.[1] Key leaders include CEO Erik Stokkeland, COO Odd Eivind Evensen, CTO Bjarne Handeland, and CFO Sigbjørn Groven, who have driven its evolution from early wireless solutions to a full ecosystem.[4] The idea emerged to address smart home barriers like high costs and installation hassles, using online wizards for customers and tools for pros; early traction came from building a user-friendly platform, securing investors, and launching products like the Smarthub powered by Raspberry Pi Compute Module.[1][4] Pivotal moments include expanding to state-of-the-art hardware like the faster Smarthub II and custom integrations, growing to 17 employees by mid-2010s while staying headquartered in Norway.[1][2]
Futurehome rides the smart home and energy wave, capitalizing on rising demand for energy-efficient, automated residences amid climate goals and electrification (e.g., EV chargers).[2][3] Timing aligns with maturing IoT standards like Z-Wave/Zigbee, enabling affordable scaling in Europe where high energy costs favor visibility tools.[1][4] Market tailwinds include proptech growth in Nordics/Germany/UK and B2B demand for connected buildings; it influences the ecosystem by promoting open systems over silos, partnering with installers to bridge consumer-pro gaps, and pushing smart energy harvesting—positioning Norway as a hub for accessible IoT.[2][3][4]
Futurehome is poised for European expansion (Scandinavia, Germany, UK) and global reach, with emphasis on more in-house hardware, smart energy services, and business tech like energy harvesting.[4][6] Trends like open IoT interoperability, AI-driven automations, and green energy mandates will accelerate growth, potentially boosting B2B in connected buildings. Its influence may evolve from Norwegian niche player to mass-market leader, humanizing smart homes by making pro installs as simple as online shopping—echoing its founding mission to slash costs and complexity for everyday users.[1][2]
Futurehome has raised $1.0M in total across 1 funding round.
Futurehome's investors include Sprettert.
Futurehome has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Seed in July 2015.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2015 | $1.0M Seed | Sprettert |