Home security startup launches another capital raise

Sensors can monitor for motion in doors and windows, temperature, water, light and smoke and carbon monoxide alarms.

Notion sensors can monitor for motion in doors and windows, temperature, water, light and smoke and carbon monoxide alarms. Photos courtesy of Notion.

A Denver startup with a device to help homeowners monitor their domains is again passing the hat to potential investors.

LoDo-based Notion – which raised $2 million earlier this year to bring its hockey puck-shaped home security sensors to market – is raising an additional $1 million, according to a recent SEC filing.

The company reported that it raised $150,000 from three investors so far in this round.

Investors in Notion’s previous fundraising round include Galvanize Ventures, Foundry Group Angels and Tech Stars.

Read the filing (PDF)

Read the filing (PDF)

Notion’s earlier capital raise went toward funding marketing, hiring new employees and bringing its flagship product, a smartphone-connected home security sensor, to market. Sensor shipments began this month, according to the company’s website.

The sensors are sold on Notion’s website in packs of one, three, five and 10, with prices from about $130 to $440.

Sensors keep track of changes in eight parameters, like noise vibrations and airflow. When a change is detected, it alerts a user’s smartphone.

Unlike traditional home security systems, Notion does not have a call center that is notified if a parameter changes. Instead, the Notion app has the option to send notifications to a user’s emergency contacts.

Entrepreneur Brett Jurgens founded Notion in May 2014, according to Colorado’s Secretary of State Business Database. The company employed 10 staffers as of June.

Notion also raised $280,000 in a Kickstarter campaign last year. That capital went toward tooling costs for the sensors.

Notion did not return several calls and emails seeking comment.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments