Each Tuesday, we reverse-engineer a real SaaS company's revenue, profit, CAC, funnels, and its top growth tactic.
Sign up to access all features
Sign up with GoogleSign up with LinkedInAlready have an account? Log in
GetLatka is trusted by 200k+ founders, researchers, and marketers.
No contracts, cancel at any time
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
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.
Dwelo reached a $5.5M valuation in 2016, set during its Seed Round 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 | - | - | |
| 2019 | Venture Round | $4.8M | - | - | |
| 2018 | Venture Round |
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.
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
We do not have customer count information for Dwelo yet.
Dwelo employs approximately 38 people as of 2026, down from 47 in 2022, including 5 sales reps that carry a quota.
Dwelo generates $15.6M in revenue.
Dwelo was founded by Michael Rovito.
The CEO of Dwelo is Michael Rovito.
Dwelo raised $116.7M across 6 rounds.
Dwelo has 38 employees.
Dwelo is headquartered in Redwood City, California, United States.
Dwelo operates across multiple industries. Browse revenue, funding, and growth data for Dwelo in each sector below.
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 profile
Paligo, headquartered in Sweden and founded in 2020, is a Component Content Management System...
Surfe, originally launched as LeadJet in 2020, is a Paris-based connected revenue workspace that...
On a mission is to enable each of the 1.4B+ Indian consumers, developers, entrepreneurs and...
Mappedin is a mapping and indoor navigation platform that provides businesses with tools to create...
Valuation
$5.5M
2024 Revenue
$15.6M
Funding
$116.7M
Team · 2023
38
Founded
2014
| Year | Milestone | Source |
|---|---|---|
| 2024 | Dwelo Hit $15.6m revenue in November 2024 | |
| 2023 | Dwelo Hit $3m revenue in December 2023 | Estimated |
| 2021 | Dwelo Hit $3.4m revenue in April 2021 | |
| 2014 | Launched with $0 revenue |
| $2.3M |
| - |
| - |
| 2017 | Venture Round | $4.9M | - | - |
| 2016 | Seed Round | $2.9M | $5.5M | 52% |
| 2016 | Seed Round | $1.8M | - | - |
| Year | Milestone | Source |
|---|---|---|
| 2023 | Reached 38 employees (December 2023) | |
| 2022 | Reached 47 employees (December 2022) | |
| 2021 | Reached 52 employees (December 2021) | |
| 2021 | Reached 67 employees (April 2021) |
If you're the CEO and would like to join the podcast, please DM Nathan Latka on LinkedIn.
