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High Tech Series B Founded 2014

Minut

Minut develops a privacy-first smart home sensor platform for property management that provides real-time monitoring of noise, smoke, occupancy, indoor climate, and home security without cameras or audio recording. The company's flagship M3 sensor detects motion, glass break, temperature, humidity, mold risk, light, and noise, recognizes other alarms (notifying users when existing smoke or CO detectors go off),…

📍 Malmo, Sweden · IoT Applications,

Funding snapshot

Last roundSeries B
Amount$5M
Date8 December 2023
Total raised$31M
Team size69

About

Minut develops a privacy-first smart home sensor platform for property management that provides real-time monitoring of noise, smoke, occupancy, indoor climate, and home security without cameras or audio recording. The company's flagship M3 sensor detects motion, glass break, temperature, humidity, mold risk, light, and noise, recognizes other alarms (notifying users when existing smoke or CO detectors go off), includes tamper protection and a built-in siren for deterring intruders, and connects to phones over Wi-Fi or Bluetooth with interfaces for Google Assistant and IFTTT-compatible smart home devices. Minut offers additional sensors including a water leak sensor, wired mounting kits, and a cellular gateway for properties without Wi-Fi. The platform provides five core feature categories: Noise monitoring (real-time decibel threshold alerts to prevent disturbances and parties), Smoking detection (detecting cigarette and marijuana smoke for policy enforcement), Crowd Detect (using nearby iOS signals to indicate unusually high occupancy), Indoor Climate (continuous temperature and humidity tracking with mold risk alerts), and Home Alarm (24/7 security for occupied or vacant properties). Additional features include Call Assist and guest messaging through a guest app. Minut serves vacation rental managers, aparthotels and hotels, student housing, and multifamily residential properties, with over 50,000 property operators in 100+ countries. The platform reports $28M+ of property damage prevented annually, 94% of issues solved within 15 minutes, and a 4.9/5 rating on reviews.io. Minut is SOC2-level compliant, GDPR compliant, with no audio recording, no surveillance, no data sharing, and no extended data retention. Founded in 2014 and headquartered in Stockholm, Sweden, Minut has raised approximately $30.7 million in a Series B round backed by Karma Ventures, Smedvig Capital, HAX, Centrica, EIC Fund, KPN Ventures, SOSV, Nordic Makers, Kompas, Verve Ventures, Constructive Venture Fund, Europa, Almaz Capital, Nordic Secondary Fund, Zenith Group, Curiosity, and Larry-Carter.

Business model

Energy Efficiency Tech > Energy Monitoring System > Building Monitoring > Commercial > Generators,

Hotel IT > Operations Management > Monitoring Solutions,

Facility Management Tech > Building Management > Building Security Management > Diversified,

Property Management Tech > Property Management > Monitoring Solutions,

Plug and Play Tech Center Batches > Internet of Things > Batch 5,

SOSV Batches > HAX > Cohort 05

Team background

Company Wise > Apple,

College Wise > Stanford University

Institutional investors

HAX Karma Ventures Nordic Makers EIC Fund KPN Ventures SOSV Centrica Almaz Capital Kompas Verve Ventures Zenith Group Constructive Venture Fund Europa Smedvig Capital Larry-Carter

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