Palo Alto – June 8, 2016 – Cooley advised eero inc., creator of the first home WiFi system, on its $50 million round of growth financing, led by Menlo Ventures with significant participation from Index Ventures. They join eero's existing investors, First Round Capital, Shasta Ventures, Redpoint Ventures, Playground Global and others who also participated in the round. Cooley has represented eero since incorporation.
eero blankets customers' homes in fast, reliable WiFi. Instead of a single router, eero uses multiple access points placed throughout the home to create a wireless mesh network that covers every corner of every room. The eero system is simple to set up and easy to manage using the eero app, and over-the-air software updates give customers new features, performance improvements, and constantly improving security.
eero notes that the funding will allow the company to expand distribution, provide world-class customer support, and grow the team. The system will soon be available for sale in Best Buy stores nationwide, and available today on eero.com, Amazon.com and BestBuy.com.
The team advising eero included Matt Bartus, Josh Seidenfeld, Lauren Creel and Ryan James.
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