Caavo

Profile (continued)

According to Caavo's own published timeline, the consumer hardware business reached gross-margin positive in Q2 2019 and the company 'signed a major licensing partner' in Q2 2020. A Series C round closed in Q4 2020 (amount not publicly disclosed). During the COVID-19 pandemic, Caavo's consumer Control Center hardware became largely unavailable due to supply-chain constraints -- a April 2021 WIRED feature ('How the Smart Remote Lost Its Way') reported that only refurbished Caavo units could be purchased at the time, attributed by CEO Ashish Aggarwal to COVID-related supply issues, though the company said it remained committed to the consumer product and expected to resume shipments. That same WIRED piece documented that rival Logitech had just announced (mid-April 2021) it was discontinuing its dominant Harmony universal remote line entirely -- leaving Caavo (alongside the much smaller Sevenhugs, later acquired by Qorvo) as one of the last companies still making a 'smart remote' style product. Despite this reduced competition, Caavo did not meaningfully re-enter the consumer universal-remote market; instead, the same WIRED article reported the company had already found more traction pivoting into the senior-living market. Per Caavo's internal timeline, the first Caavo for Senior Living pilot began Q1 2021 and the product formally launched Q3 2021, repurposing the Control Center hardware as a TV-connected hub for video calls, wellness checks and remote staff/family assistance in senior living communities (marketed via a dedicated 'caavo.com/introducing-caavo-for-senior-living' page). A consumer-facing successor, initially internally called 'Jubilee TV at Home,' began beta in Q4 2022.

On August 13, 2024, the company publicly launched JubileeTV (via PR Newswire and covered by CNET), officially rebranding its entire consumer offering from 'Caavo' to 'JubileeTV' -- a TV-based platform combining a set-top hub, voice remote and companion mobile app to let family caregivers remotely support, video-call, and monitor elderly relatives (medication/appointment reminders, activity/wellness tracking via built-in camera, photo sharing). Ashish Aggarwal, described in the release as 'co-founder and CEO of JubileeTV,' framed the pivot around a JubileeTV-commissioned survey finding 56% of Americans provide some caregiving for loved ones and that TV confusion is a common pain point. JubileeTV offered three subscription tiers (roughly $30/month, $269/year, or a $699 one-time 'Buy It Once' bundle). Caavo's own website (caavo.com) now displays a banner reading 'Caavo is now JubileeTV' and redirects most content to getjubileetv.com, while retaining a legacy support page for existing Control Center customers.

Corporate/database records are somewhat fragmented as a result of this rebrand: Crunchbase, PitchBook, Tracxn and CB Insights maintain separate-looking profiles for 'Caavo' and 'JubileeTV' that both list Ashish Aggarwal and Vinod Gopinath as co-founders and both list Greylock/David Sze as a board member, strongly suggesting they are the same legal entity (ZoomInfo lists the entity as 'Caavo, Inc.') operating under a new consumer brand rather than two different companies. Reported total funding varies by source and by date of last update: Tracxn (last updated 2025-2026) shows $34.5 million across 3 rounds (1 seed + 2 early-stage, i.e., Series A and B) with investors including Sky, Hearst and Time Warner Investments; PitchBook and a March 2025 news aggregator both put total funding at roughly $39.8-40 million, reflecting the additional (largely undisclosed) Series C that closed in Q4 2020 per Caavo's own timeline. Investors named across sources include Greylock Partners, DCM Ventures, Sky (Sky UK), Hearst Ventures, Time Warner Investments/Warner Media, and Lauder Partners; Silicon Valley Bank is also named in connection with the Series B (likely venture debt). Known board members/observers: David Sze (Greylock, Advisory Partner) and Jason Krikorian (DCM Ventures, General Partner) as board members; Gary Lauder (Lauder Partners) and Scott English (Hearst Ventures) as board observers.

For purposes of this record, Caavo's status is marked 'shut_down' because the Caavo brand, its flagship Control Center consumer hardware/software line, and the original 'universal remote for entertainment enthusiasts' business model were discontinued and fully retired -- the company itself was not acquired and did not formally dissolve, but instead pivoted its team, technology, cap table and investor base into a new company/brand (JubileeTV) targeting an entirely different market (senior care), a transition that should be read as a strategic pivot/rebrand rather than a clean shutdown or acquisition. No evidence was found of a formal acquisition of Caavo by another company.

Go-to-market

Originally tech-savvy home-entertainment enthusiasts ('cord-cutters' with multiple streaming boxes and remotes); later shifted to senior living facility operators and, ultimately, adult-children caregivers of aging parents who want remote TV-based support, video calling and wellness monitoring.

Ownership

private