KPN invests in smart intercom provider

KPN, nello, smart home

KPN’s venturing arm has made an investment in smart intercom provider nello as it looks to expand its interest in connected home services.

The Dutch operator took part in a €1.5 million funding round alongside existing nello shareholders HBT Holdings and KfW.

Germany-based nello enables keyless, remote access to residential buildings for the likes of delivery companies.

Users need to upgrade existing intercom systems to permit access via an app on a mobile device.

The operator launched a smart home service 12 months ago, based on Deutsche Telekom’s Qivicon platform.

It is not clear if KPN will offer nello as part of this service.

Smart solutions for home access are expected to present “considerable” growth opportunities, according to KPN.

Herman Kienhuis, Managing Director of KPN Ventures, said: "The nello team has developed a very clever proposition, giving family and friends, delivery companies and other service providers remote access to apartment buildings in a simple and safe way.

“We look forward to supporting nello in the further development of its smart home proposition and in its international roll-out.”

KPN Ventures has backed two e-health startups this year.

The division focuses on investments in the IoT, connected home, digital health, cybersecurity, mobile/OTT services, cloud computing and data/analytics segments.

Dr Christoph Baumeister, nello Co-Founder and CEO, commented: “The financing round allows us to grow the team, support our market entry and create partnerships with leading European delivery companies.”

Read more: Give marketing control of the smart home, Deutsche Telekom’s experience suggests

More News

DNA sees sunny skies ahead as data drives Q1 results DNA sees sunny skies ahead as data drives Q1 results DNA has increased its profit outlook for 2017 as it bagged more Finnish customers using more data. More detail
Orange Bank to launch in July as it looks to disrupt new market Orange Bank to launch in July as it looks to disrupt new market Orange is to launch its mobile banking service in France on 6 July as it searches to attract two million customers. More detail
Deutsche Telekom finds IoT use in compressed air Deutsche Telekom finds IoT use in compressed air Deutsche Telekom's enterprise arm has won a deal to supply IoT services to a Germany-based compressed air systems manufacturer. More detail
Sky, HBO announce production partnership Sky, HBO announce production partnership Sky and HBO have announced plans to co-produce two drama series a year as part of a $250 million deal. More detail
    

@eurocomms