Deako Inc.

Connect with Jamie Boyd to learn more about this transaction

has received a growth equity investment from Kinetic VC Fund and corporate/private investors Logo

Deako Inc. is a patented modular light switch company disrupting the US housing light switch market with simple and smart products that homebuilders, electricians, and homeowners can install easily
The Company recently signed a multi-year contract with DR Horton, one of the largest homebuilders in America, to exclusively provide light switches for the next 3 years in a contract worth $100M+
The company has broad applicability across construction and renovation markets with a near-term focus on Top 100 single family and multi-family residential US homebuilders
Headquartered in Seattle, WA

In addition to the new multi-year exclusivity contract, the company is projected to gain further traction with other top 25 homebuilders in their existing customer base
The company is looking to increase working capital to fulfill national exclusivity contracts with the nation’s largest builders
The Company is also seeking to make investments to further develop their next generation products and expand their sales and support teams
Cascadia was engaged by Deako to pursue a growth equity investment from both corporate and financial investors

Cascadia positioned the company around its patented technology, scalability, value add capabilities to all stakeholders, large residential & renovation market opportunity, and experienced management team
Cascadia ran a marketing process, reaching out to potential investors that understood and had strong interest in the smart home, IoT, and real estate tech environment
Kinetic Ventures and a consortium of private and corporate investors invested growth equity in Deako in March 2021