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IOTAS

acquired by Adt

Portland, US · Delaware corporation · 4 known investors

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Acquired by ADT Inc. June 2022 · terms undisclosed — undisclosed · source ↗

IOTAS built an IoT smart-home hardware and software platform that let property managers retrofit apartments with connected thermostats, locks, outlets, and sensors for multifamily rental tenants.

Founders & leadership

SP
Scevhur PikeFounder
JS
Jeremy SteinhauerExecutive
IS
Ian ScrymgeourExecutive
LS
Layne SpencerExecutive
SS
Steve SampleExecutive

Board

JM
Jason MacdonnellBoard director
DP
Don ParsonsBoard director
LL
Laura LangBoard director
TE
Timothy EnwallBoard director

Investors · 4

Intel CapitalreportedSanta Clara · $1M – $20M

How we know: funding news · Not right? Tell us

Portland Seed FundreportedPortland · $25K

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TELUS VenturesreportedVancouver · $365K – $36.5M

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Reported raises · per SEC filings

Form D private placements

$19.8M disclosed across 5 rounds · 2014–2021

▶$2.8MraisedApr 2021 · 17 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Jason MacdonnellDirector
  • Jeremy SteinhauerExecutive Officer
  • Ian ScrymgeourExecutive Officer
  • Layne SpencerExecutive Officer
  • Laura LangDirector
  • Don ParsonsDirector
  • Scevhur PikeExecutive Officer, Director
  • Steve SampleExecutive Officer
  • Timothy EnwallDirector
Offering amount
$5M
Amount sold
$2.8M
First sale
Mar 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$10.8MraisedSep 2019 · 26 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Ian ScrymgeourExecutive Officer
  • Chad SummersExecutive Officer
  • James MotleyExecutive Officer
  • Scevhur PikeExecutive Officer, Director
  • Alison ReyesDirector
  • Timothy EnwallDirector
  • Jason MacdonnellDirector
  • Don ParsonsDirector
  • Jeremy SteinhauerExecutive Officer
Offering amount
$11.8M
Amount sold
$10.8M
Proceeds to insiders
$300K
First sale
Sep 2019
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$700KraisedNov 2018 · 4 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Scevhur PikeExecutive Officer, Director
  • Chad SummersExecutive Officer
  • Dennis WildeDirector
  • Jeremy SteinhauerExecutive Officer
  • Timothy EnwallDirector
  • Andrew BlanksbyDirector
  • James MotleyExecutive Officer
Offering amount
$2.3M
Amount sold
$700K
Minimum investment
$25K
First sale
Oct 2018
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$5MraisedNov 2017 · 28 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • JAMES MOTLEYExecutive Officer
  • JEREMY STEINHAUERExecutive Officer
  • TIMOTHY ENWALLDirector
  • BRIAN YOUNGExecutive Officer
  • SCEVHUR PIKEExecutive Officer, Director
  • GEOFF FISHMANExecutive Officer
  • ANDREW BLANKSBYDirector
  • MATT GREENEExecutive Officer
  • DENNIS WILDEDirector
Offering amount
$5.3M
Amount sold
$5M
Minimum investment
$25K
First sale
May 2017
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$645KraisedJun 2015 · 6 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • SCEVHUR PIKEExecutive Officer, Director
Offering amount
$795K
Amount sold
$645K
First sale
Nov 2014
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Frequently asked questions

What does IOTAS do?
IOTAS built an IoT smart-home hardware and software platform that let property managers retrofit apartments with connected thermostats, locks, outlets, and sensors for multifamily rental tenants.
Who founded IOTAS?
IOTAS was founded by Scevhur Pike.
Who are IOTAS's investors?
IOTAS's investors include Creative Ventures, Intel Capital, Portland Seed Fund, TELUS Ventures.
How much funding has IOTAS raised?
IOTAS has disclosed $19.8M raised across 5 rounds.
Who acquired IOTAS?
IOTAS was acquired by Adt.
Where is IOTAS headquartered?
IOTAS is headquartered in Portland, US.