IoT startup Notion draws $3.2 million in additional funding
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Notion, a connected home startup headquartered in Denver, closed $3.2 million in additional funding as part of the second tranche of a previous seed round from last year.
XL Innovate led the deal with Liberty Mutual Strategic Ventures participating. Notion has now raised a total of 5.7 million dollars in addition to a successful Kickstarter. The company currently has 11 employees and has plans to expand to 25-30 over the next year.
Notion is pushing up against traditional home security systems and the DIY home security industry with its simple, low-cost, highly customizable sensors.