This funding was provided by the affiliates of Capital One, N.A., HPS Investment Partners, Owl Rock [a division of Blue Owl] and Eastern Bank. With this round of fundraising, SimpliSafe will continue to invest in the advanced technology and professional monitoring capabilities that can improve the safety and security of its customers.
In the 15 years since its founding, SimpliSafe has expanded its competencies, products and services and now protects more than four million people. It has grown its subscriber base to more than 1.5 million and expects that figure to confidently exceed two million over the next three years. This news follows recent innovations to the company’s product suite, including the launch of a Wireless Outdoor Camera and the creation of an owned-and-operated professional monitoring center in Richmond, VA.
“SimpliSafe’s growth trajectory has been nothing short of impressive,” said Christian Cerda, Chief Executive Officer at SimpliSafe. “We transformed the home security industry and continue to penetrate the market. In order to continue delivering on our founding mission to make every home secure, we must stay focused on delivering exceptional value to our customers. I’m confident we will continue to find success in this next chapter, while staying true to the award-winning legacy we’ve established. I’m thankful to our financial partners for recognizing the enormous potential and opportunity in SimpliSafe’s future.”