Valuation · 2016
$5.5M
2024 Revenue
$15.6M(Est.)
Funding
$116.7M
Team · 2023
38
Founded
2014
Dwelo Revenue, Valuation & Funding (2024)
Dwelo generated an estimated $15.6M in annual revenue in 2024. Source: GetLatka estimate
Developer of an open smart home platform intended to simplify home automation for apartments. The company's cloud-based platform connects with unit devices like lights, locks, thermostats, appliances and digital assistants through the internet in order to streamline remote control and operations through digital credentials, enabling apartment owners and dwellers to control smart devices and increase the safety and convenience of their apartment.
Last updated
Dwelo Revenue
In 2024, Dwelo's revenue reached $15.6M. The company previously reported $3M in 2023. Since its launch in 2014, Dwelo has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Dwelo Hit $15.6m revenue in November 2024 | Estimated |
| 2023 | Dwelo Hit $3m revenue in December 2023 | Estimated |
| 2021 | Dwelo Hit $3.4m revenue in April 2021 | Not recorded |
| 2014 | Launched with $0 revenue |
Dwelo Valuation, Funding Rounds
Dwelo reached a $5.5M valuation in 2016, set during its Seed round.
Dwelo has raised $116.7M in total funding across 6 rounds, most recently a $100M Series C round in 2021.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2021 | Series C | $100M | - | - | Not recorded |
| 2019 | Venture | $4.8M | - | - | Not recorded |
| 2018 | Venture | $2.3M | - | - | Not recorded |
| 2017 | Venture | $4.9M | - | - | Not recorded |
| 2016 | Seed | $2.9M | $5.5M | 52% | Not recorded |
| 2016 | Seed | $1.8M | - | - | Not recorded |
Founder / CEO
Michael Rovito
CEO
Mike Rovito is CEO of Dwelo, a leading provider of smart apartment solutions. As CEO, Mike oversees all aspects of the business, including engineering, sales, and operations. Dwelo now services nearly every major market west of Chicago, turning ordinary apartments into smart apartments with their proprietary software and service platform. Prior to Dwelo, Mike led efficiency program policy efforts at ERS, a boutique consulting firm that services utilities and state governments in their efforts to promote energy-saving technology in the built environment. Mike has a systems engineering degree from the University of Pennsylvania.
Dwelo Employees & Team Size
Dwelo employs approximately 38 people as of 2026, down from 47 in 2022, including 5 sales reps that carry a quota.
| Year | Milestone | Source |
|---|---|---|
| 2023 | Reached 38 employees (December 2023) | Not recorded |
| 2022 | Reached 47 employees (December 2022) | Not recorded |
| 2021 | Reached 52 employees (December 2021) | Not recorded |
| 2021 | Reached 67 employees (April 2021) | Not recorded |
Frequently Asked Questions about Dwelo
What is Dwelo's revenue?
As of 2024, Dwelo generated an estimated $15.6M in annual revenue.
What is Dwelo's valuation?
As of 2016, Dwelo was valued at $5.5M.
Who founded Dwelo?
Dwelo was founded by Michael Rovito.
When was Dwelo founded?
Dwelo was founded in 2014.
Who is the CEO of Dwelo?
The CEO of Dwelo is Michael Rovito.
How much funding does Dwelo have?
Dwelo raised $116.7M across 6 rounds.
How many employees does Dwelo have?
As of 2023, Dwelo had 38 employees.
Where is Dwelo headquartered?
Dwelo is headquartered in Redwood City, California, United States.
Compare Dwelo to the industry
Dwelo operates across multiple industries. Browse revenue, funding, and growth data for Dwelo in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
Claim this profilePeople Also Viewed
Float Health
the marketplace for Specialty Pharma
Rev AI
LeadCrunch AI is a B2B marketing platform that uses artificial intelligence to identify ideal...
Carbonwave
Carbonwave is a leading developer of ultra-regenerative, plant-based, biomaterials from seaweed...
BrightAnalytics
Provider of management reporting platform intended to provide access to financial reports. The...
Crux
Crux is the capital markets platform changing the way clean energy and manufacturing projects are...
Phase Four
Phase Four designs, manufactures and services hardware and software systems for in-space satellite...
