Boundary Technologies secures £3.7m to expand its smart home security business
The funding round was backed by Skyscanner co-founder Gareth Williams alongside Scottish Enterprise and Equity Gap.
Edinburgh-based smart home security start-up offering DIY alarm systems and connected home solutions.
Boundary Technologies has secured £3.7m in a seed follow-on investment round to scale its operations and develop its technology. The funding includes £1.5m from Skyscanner co-founder Gareth Williams, alongside participation from existing backers Scottish Enterprise and Equity Gap, as well as company executives.
The capital will be deployed to expand the team, enhance product development, and build out a local crime information sharing network. The business aims to double its headcount and prepare for a subsequent, larger funding round.
From the founder
"This is hugely exciting news and is a change of trajectory from our original, more modest ambitions – we are now set on the path for Boundary to become a top-tier European home security business. To have someone with the calibre of Gareth giving our product his backing and mentorship is incredible; we have massive plans for the future."
Robin Knox
CEO at Boundary Technologies
Investor perspective
"Bringing Gareth on board is a boost for Boundary’s founders whose proven entrepreneurial track record has been a major factor in the remarkable growth enjoyed by the business already. We look forward to continuing to work with the company as it develops its products, attracts further investment and breaks into new markets."
Jan Robertson
Interim Director of Growth Investments, Scottish Enterprise
Use of funds
- 01Grow the team
- 02Continue product development
- 03Fund research and development
- 04Scale operations
Investors
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About the company
Boundary Technologies
Boundary Technologies provides modern smart home security systems.