VAYS
Smart home solution that allows users to control various aspects of their home, from the lighting to the temperature, from anywhere.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 Valuation: €0.0 85.1x EV/Revenue | round | |
N/A | Seed | ||
| Total Funding | 000k | ||
| EUR | 2021 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Company filings or news article
VAYS GmbH operates as a specialized provider of comprehensive smart home solutions throughout Germany, targeting owners of existing properties. Founded in July 2021 by Joshua Helmchen (CEO) and Mustafa Azim (COO), the Hannover-based startup aims to simplify access to customized smart home technology. The company was established to address the complexity customers face in researching, selecting, and coordinating the installation of smart home devices.
The company's business model centers on providing all-in-one, manufacturer-independent smart home packages at a fixed price, which includes consultation, installation, and setup. Revenue is generated through the sale of these complete systems. A key feature is their online configurator, which allows customers to tailor a system to their specific needs, covering aspects like heating, lighting, security, and energy management. VAYS manages a network of over 160 certified installation partners across Germany to handle the physical setup and provides customer guidance. This approach creates a streamlined process for the end-user while offering a scalable digital sales channel for hardware manufacturers and qualified leads for installation professionals.
Significant milestones for VAYS include securing a mid-six-figure seed funding round in March 2022, which valued the company at €4 million. By 2023, the company had completed approximately 300 projects, achieved a 100% revenue growth to about €1 million, and was recognized with a second-place award in the "Best Start-up" category at the Smart Home Deutschland Awards. In early 2024, VAYS launched a crowd-investing campaign to support further scaling and announced a partnership with the TechnologieZentrumDresden to implement smart building innovations. To enhance its service offering, VAYS provides optional, comprehensive maintenance packages that include remote support, insurance, and an extended warranty. Keywords: smart home solutions, home automation, fixed-price installation, energy efficiency, smart home Germany, manufacturer-independent, property technology, residential technology, smart home configurator, building automation, integrated home systems, automated lighting, smart heating control, home security systems, VAYS GmbH, Joshua Helmchen, Mustafa Azim, smart living, connected home, residential IoT, installation service, energy saving, home comfort