whats known and unknown

August raises $8M for its smart lock

on November 22, 2013


August, the company behind a smart lock that was designed by Yves Behar, has raised $8 million in a round led by Maveron Ventures. This brings the total funding for the company to $10 million. The most recent round included participation from Cowboy Ventures, Industry Ventures, Rho Ventures, and SoftTech VC.

The funding allows the year-old business to move out of its space in the Founders Den and get real offices as well as hire a support staff for its upcoming product launch. The company’s lock was supposed to be delivered in December, but Jason Johnson, the CEO of August said that while beta customers will get their locks in December, the rest of the pre-orders will ship next year– likely in spring.

Johnson explained that the delay will help the company test the locks fully and ensure that customers have a perfect experience. Based on the reviews…

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