HomeFundingrelayr Raises $2.3m Seed Round with the Eye On the US Market

relayr Raises $2.3m Seed Round with the Eye On the US Market

Internet of Things cloud service provider pioneers relayr announced the completion of their seed funding, with a final investment of $2.3 million from US and Swiss investors.

After completed crowdfunding last March and the start of shipping of the product last August, this represents a significant success for relayr, the maker of WunderBar. This investment will be put towards expanding its presence in the U.S. with plans of establishing a foothold in North America after having presented at work shops at DroidCon NYZ and World Maker Faire.

But, even though the U.S. sounds awesome, relayr still believes that Berlin is the best place to be – therefore, they will expand their technology and community teams and will relocate to a headquarters on Templehofer Ufer in the Berlin district of Kreuzberg. Such a change will allow further growth of the company as well as with a bespoke office space with areas for development of both hardware and software.

The investment and the expansion plans come at a perfect moment for relayr – WunderBar, the first app developer started kit for the Internet of Things, started shipping a month ago. Basically, it is a set of 6 essential hardware tools that software developers need to create apps for the Internet of Things. The set takes advantage of relayr’s OpenSensorCloud – an open, cloud-based solution for sending, receiving and sharing data from connected sensors.

Regarding the latest developments, Harald Zapp, CEO of relayr said: “I believe that this strong round of seed funding proves that relayr have the ability to democratise technology. We will do this by building the tools that developers need to create the next generation of the Internet of Things.”

Marko Srsan
Marko Srsan
founder @TimePrepCFA, blogger interested in startups and VC along with social media and project management, a drummer and a passionate FC Bayern Munchen fan :)


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