Orvibo is a Shenzhen-based maker of full-spectrum smart home products, including fingerprint-sensing locks and remote-controlled electronic clothes hangers. Its devices can be activated via multiple smart speakers such as Google Home and Tmall Genie. The company says its products have entered 2 million households worldwide and its smart-home building solutions are used by more than 30 Chinese real estate developers, including Country Garden. Orvibo reported revenue growth of over 100% annually for the past three years and said it has achieved profitability, though it did not disclose detailed financials. The article cites a Statista projection that the global smart-home market could reach USD 53.45 billion by 2022, providing market context. Orvibo is a Chinese smart home solutions provider that develops smart home solutions. The article reports the company has secured new funding in a Series B round. Orvibo raised $16 million (RMB110 million) in this Series B. The round was led by Shenzhen-listed Shenzhen Topband Co Ltd. Other investors also participated in the financing. No additional operational or financial details were disclosed in the article.

Total raised

$35M

Funding rounds

2

Latest round

Series C

Latest activity

May 2019