About Smart Homes sector in China
The Smart Homes sector in China comprises 673 companies, including 116 funded companies having collectively raised $1.05B in venture capital money and private equity. Out of these, 36 are Series A+ funded.
Smart Homes sector in China has seen 3 acquisitions and 4 IPOs.
This sector includes companies developing IoT-based (internet connected) devices and software solutions for home automation and security applications.
Smart Homes sector is also known as Home Automation, Domotics or Connected Homes,.
Includes companies which develop hardware for automating any kind of function in homes, usually connected to the user's smartphone through an internet connection (delivered through WiFi or GSM). Also includes smartphone apps which are able to connect to home automation hardware. Excludes all home devices that are not connected to the cloud, and which collect no data. Also excludes devices which can be remote controlled from short distances (such as through traditional IR-based remote controllers, or Bluetooth). In addition, all IoT-based systems that apply to large scale systems such as buildings or cities are also excluded.
Top Smart Homes Companies in China
There are 673 Smart Homes startups in China which include Orvibo, Yeelight, Reolink, PETKIT, Speediance. Out of these, 116 startups are funded, with 36 having secured Series A+ funding.
Over the past 10 years, an average of 25 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Cornell University, Hong Kong University of Science and Technology (HKUST) and Kellogg School of Management.
Here is the list of top Smart Homes startups in China
1. Orvibo
Orvibo develops three devices, an electrical outlet to remotely contrl devices, smart gateway to automatically detect Zigbee devices and connect with them. A controller to control all IR appliance and Kepler, which is an intelligent gas and carbon monoxide detector that can automatically check for gas leaks in office or home. Kepler uses intelligent alerts to warn the user of potential danger from gas leaks. Kepler also includes a cooking timer, which can be set from the app, or by rotating the out edge of the device. Raised CAD $61k on Kickstarter as of Aug 14, 2014 with an initial goal of $30k.
Key facts about Orvibo
- Founded Year: 2011
- Location: Shenzhen (China)
- Stage: Series D
- Total Funding till date: $222M
- Investors: SAIF Partners, Fusenmei and 12 Others
- Latest Funding Round: Series D, Jan 17, 2022, $*****
- Tracxn Score: 63/100 What is this?
- Competitors Rank: 10 of 1,071 Competitors
2. Yeelight
Provider of app-based internet-connected smart bulbs. The lamp is a zero-configuration, plug-and-play, color LED energy-saving light bulb that connects to the wireless Wi-Fi network control and works on multi-platform smartphone applications, and can be controlled remotely as well. Its app is available for Android devices.
Key facts about Yeelight
- Founded Year: 2012
- Location: Qingdao (China)
- Stage: Series E
- Total Funding till date: $47.1M
- Investors: China Everbright, Cathay Capital and 13 Others
- Latest Funding Round: Series E, Dec 29, 2021, $*****
- Tracxn Score: 59/100 What is this?
- Competitors Rank: 5 of 711 Competitors
3. Reolink
Provider of connected cameras for house monitoring applications. The company has developed a WiFi-enabled camera with a built-in motion sensor that triggers an alarm as soon as it detects any motion. Users can watch live-stream videos of their homes using the mobile phone app. Other features of the camera include 2-way audio, night vision, and an SD card slot for storing motion events.
Key facts about Reolink
- Founded Year: 2009
- Location: Shenzhen (China)
- Stage: Unfunded
- Tracxn Score: 56/100 What is this?
- Competitors Rank: 7 of 533 Competitors
4. PETKIT
Private label brand of accessories for pets. The product offerings include feeding bowls, water fountains, smart feeders, and cleaning supplies like paw cleaners, odor eliminators & mats. The products have features like light & motion sensors, water volumetric indicators & food-grade silicone impeller and can be controlled by its app. Its app is available on Android and iOS platforms.
Key facts about PETKIT
- Founded Year: 2013
- Location: Shanghai (China)
- Stage: Series D
- Total Funding till date: $85M
- Investors: Sofina, GGV Capital and 8 Others
- Latest Funding Round: Series D, Aug 17, 2021, $*****
- Tracxn Score: 54/100 What is this?
- Competitors Rank: 1 of 21 Competitors
5. Speediance
Provider of smart exercising equipment. The company offers home gyms for users to practice and receive fitness training from the comfort of their own homes. Users can practice strength training, stretching, aerobic exercises and other bodybuilding exercises. Also, it offers a smartphone app for users to manage their workouts.
Key facts about Speediance
- Founded Year: 2020
- Location: Shenzhen (China)
- Stage: Seed
- Total Funding till date: $1.58M
- Investors: Frees Fund
- Latest Funding Round: Seed, Jul 20, 2023, $*****
- Tracxn Score: 53/100 What is this?
- Competitors Rank: 5 of 67 Competitors
Companies founded year-on-year in the Smart Homes sector in China
47 Smart Homes startups in China were founded in 2019 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | 1 |
2024 | 10 |
2023 | 4 |
2022 | 13 |
2021 | 15 |
2020 | 34 |
2019 | 47 |
2018 | 45 |
2017 | 42 |
2016 | 45 |
Stage-wise distribution of Smart Homes sector companies in China
Out of the total 673 Smart Homes companies in China, 116 have secured funding. Among them, 36 have reached Series A or higher, and 24 to Series B or beyond.
Founded - 673
Funded - 116
Series A+ - 36
Series B+ - 24
Series C+ - 19
Company Stage | No. of companies |
|---|---|
Founded | 673 |
Funded | 116 |
Series A+ | 36 |
Series B+ | 24 |
Series C+ | 19 |
Let us walk you through our Sectors and other offerings
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Funding Trends in the Smart Homes sector in China
Total funding year-on-year in the Smart Homes sector in China
The Smart Homes sector in China saw a total funding of more than $985M in the last 10 years. The most amount of funding was in 2022 at more than $394M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $6M |
2024 | $5M |
2023 | - |
2022 | $394M |
2021 | $196M |
2020 | - |
2019 | $148M |
2018 | $134M |
2017 | $29.2M |
Recent Funding Rounds in Smart Homes in China
In the year 2025, till March 2025, Smart Homes companies in China have raised equity funding across 1 round.
Here are some recent, important funding rounds in Smart Homes companies in China:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 5598 | Mar 15, 2025 | ||
Series A | 1671 | Apr 09, 2024 | ||
Seed | 1778 | Jul 20, 2023 | ||
Seed | 8462 | Jul 19, 2023 | - | |
Angel | 6953 | 2023 | - |
Top Investors in Smart Homes in China
HAX is the top investor in Smart Homes companies in China based on number of companies invested.
Here are some top investors in Smart Homes companies in China:
Investor | Location | Top Portfolio Companies |
|---|---|---|
San Francisco (United States) | Yeelight and MOAI Devices | |
Sunnyvale (United States) | - | |
San Diego (United States) | ||
Menlo Park (United States) | - | |
London (United Kingdom) | - |
M&A activity in Smart Homes sector in China
In the year 2022, till July 2022, 1 acquisition happened in Smart Homes sector in China.
Here are some recent, important acquisitions in Smart Homes sector in China:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jul 16, 2022 | - | |
Business Acquisition | Apr 16, 2019 | ||
Business Acquisition | Jun 07, 2007 |
Acquisition trends in Smart Homes sector in China
Here are the acquisition trends in Smart Homes sector in China:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2025 | - |
2024 | - |
2023 | - |
2022 | 1 |
2021 | - |
2020 | - |
2019 | 1 |
2018 | - |
2017 | - |
2016 | - |
IPOs in Smart Homes in China
In the year 2023, till December 2023, 2 IPOs happened in Smart Homes sector in China.
Here are some recent, important IPOs in Smart Homes sector in China:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Dec 28, 2023 | Shenzhen Stock Exchange (SZSE) | |
Jun 09, 2023 | Shenzhen Stock Exchange (SZSE) | |
Dec 18, 2020 | Hong Kong Exchanges (HKG) | |
Dec 22, 2017 | National Association of Securities Dealers Automated Quotations (NASDAQ) |
Colleges which produce the most Smart Homes companies in China
Companies founded by alumni from top colleges in the Smart Homes in China
Most number of Smart Homes startups in China have been founded by alumni from Cornell University, Hong Kong University of Science and Technology (HKUST) and Kellogg School of Management.
College | No. of companies |
|---|---|
Cornell University | 1 |
Hong Kong University of Science and Technology (HKUST) | 1 |
Kellogg School of Management | 1 |
National University of Singapore (NUS) | 1 |
Tsinghua University | 1 |
University of Manchester | 1 |
Total funding in Smart Homes companies founded by alumni from top colleges in China
In the last 10 years, National University of Singapore (NUS) graduates' Smart Homes companies in China have raised the most funding among top colleges. University of Manchester alumni are second.
College | Total Funding |
|---|---|
National University of Singapore (NUS) | $8M |
University of Manchester | $1.3M |
Cornell University | - |
Hong Kong University of Science and Technology (HKUST) | - |
Kellogg School of Management | - |
Tsinghua University | - |
Top News in Smart Homes in China
•
This technique at CES 2025 supports its fitness goals in a revolutionary wayPR Newswire•Jan 09, 2025•Speediance
•
This technology presented at CES 2025 could make your good New Year resolution a realityPR Newswire•Jan 08, 2025•Speediance
•
ORVIBO Introduces Smart Hub Mixpad M5, Redefining New Smart Home ExperienceCerebral•Dec 17, 2024•Orvibo
•
•
•
Zeemr launches Z2 Mini 1080p projector with 650 ANSI lumens, AI features & moreGizmochina•Jun 27, 2024•ZEEMR
•
Yeelight Elevates RGB Experience with SignalRGB IntegrationPR Newswire•Apr 19, 2024•Yeelight, SignalRGB
•
•
Kaadas Group Expands Smart Lock Solutions Available to IntegratorsResidential Systems•Sep 07, 2023•Kaadas
•
