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Announced

Completed

Cox Communications led a $100m Series C funding round in Level Home.

Financials

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Transaction Value£74m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

Minority

application software

United States

Domestic

Friendly

Acquisition

Completed

Private

Synopsis

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Cox Communications, a telecommunications and technology solutions provider, led a $100m Series C funding round in Level Home, a developer of a computerized lock designed to make homes more secure and easily accessible. Walmart also participated. “This investment builds on Cox’s growing IoT portfolio. It will help our Cox Communities team to continue serving as a trusted advisor to owners, management companies, builders, developers and consultants. We will be able to offer a leading-edge, integrated hardware and software platform to help the multifamily dwelling industry automate and digitally enable properties for their residents,” Mark Greatrex, Cox Communications President.

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