A Munich Startup, Nello, Raises €1.5m for House Keys App

According to Nello, you will never lose your keys again. The Munich-based start-up is offering a digital key to let users control who enters their apartment, and when.

The Munich-based startup offers lock technology so users can open their front door when they aren’t home. For example, they can let the mailman, handyman or family members into their house.

It works by inserting a piece of hardware directly into existing intercom systems. This device is connected to an app on the user’s smartphone and lets the user open the door from remotely or share digital keys.

The concept has won the start-up 1.5 million euros in a financing round with help from investors at HBT Holdings and Förderbank KfW. KPN Ventures, the venture capital branch of the Telecommunication Enterprise KPN, also invested in Nello.

The startup’s two founders, Christoph Baumeister and Daniel Jahn, launched Nello in 2014. In spring 2016 they closed a seed round with 700,000 euros.

They plan to use their new funds to further develop the technology and expand their team of 10. The device is available for delivery as of April and approximately 10 delivery services, including Amazon Prime Now, UPS and start-ups like Foodora and Deliveroo, are on board to use Nello.

According to the startup, the technology is compatible with Amazon Alexa and can even be voice controlled. Interestingly, kiwi.ke, a Berlin-based hardware start-up, has also developed a similar lock technology.

Photo credit: http://www.colourbox.com. Material used in the preparation of this article has been drawn from Heureka.

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