Service Provider Capital

Service Provider Capital is a venture capital firm established in 2014 and located in Golden, Colorado. The firm focuses on co-investing in seed and series A rounds, primarily in collaboration with institutional venture funds. It targets a diverse range of sectors, including artificial intelligence, machine learning, blockchain, cannabis, cybersecurity, e-commerce, education technology, fintech, hardware, information technology, robotics, and health. By concentrating on these industries, Service Provider Capital aims to support innovative companies at critical stages of their development.

Patrick Cerone

Managing Director

Edward Hill

Managing Director

Ned Hill

Managing Director - Southeast Fund I

Galen Mason

Managing Director - Midwest Fund I

Jody Shepherd

Founder / Managing Director - Rocky Mountain Fund

Past deals in Smart Home

Biofire Group

Series A in 2022
Biofire is focused on advancing firearm safety through innovative smart gun technology. The company's flagship product, the Biofire Smart Gun, utilizes advanced biometric systems to ensure that the weapon is accessible only to authorized users while remaining securely locked for others. This intelligent locking mechanism enhances gun safety and allows for quick access in critical situations. Biofire aims to transform the firearm industry by integrating these advanced safety features without compromising privacy and civil liberties, presenting a comprehensive reimagining of how firearms can be secured and used responsibly.

Biofire Group

Seed Round in 2022
Biofire is focused on advancing firearm safety through innovative smart gun technology. The company's flagship product, the Biofire Smart Gun, utilizes advanced biometric systems to ensure that the weapon is accessible only to authorized users while remaining securely locked for others. This intelligent locking mechanism enhances gun safety and allows for quick access in critical situations. Biofire aims to transform the firearm industry by integrating these advanced safety features without compromising privacy and civil liberties, presenting a comprehensive reimagining of how firearms can be secured and used responsibly.

Pura

Seed Round in 2020
Pura is a smart home company that specializes in innovative air freshening solutions. They have developed a plug-in device that accommodates two different fragrances, allowing users to schedule and customize their scent experience. This device operates efficiently, releasing fragrances only when people are present in the home and turning off when they are not, thereby minimizing waste. Pura offers a range of liquid-based fragrances and essential oils, all of which can be controlled through a mobile app. This functionality also enables users to activate scents remotely, ensuring a welcoming atmosphere for guests even when they are away from home.

Tomahawk Robotics

Seed Round in 2018
Tomahawk Robotics, Inc. is a company that designs and manufactures advanced robotic systems tailored for various applications, including security, defense, energy, infrastructure, and home automation. Established in 2018 and located in Melbourne, Florida, the firm focuses on creating safe robotic solutions optimized for uncrewed operations in challenging environments. Its offerings include user-centric robotic control software, ruggedized hardware, and innovative robotic systems that work alongside humans to manipulate objects and navigate unstructured spaces. By leveraging intuitive control technologies and electromechanical innovations, Tomahawk Robotics aims to enhance situational awareness and operational efficiency, enabling users to tackle dull, dirty, and dangerous tasks effectively and safely.

RemoteLock

Series A in 2018
RemoteLock, a subsidiary of LockState, Inc., specializes in cloud-based smart lock management systems aimed at enhancing secure and remote access control for both commercial and residential markets. Founded in 2016 and based in Denver, Colorado, the company provides a range of products that facilitate remote access for managers of vacation rental properties, retail establishments, commercial spaces, and apartments. Their offerings include a Wi-Fi-enabled lock system that allows users to manage doors remotely through unique access codes, while also providing notifications for door activity. This technology enables clients to efficiently control access for guests, employees, and support staff, ultimately leading to savings in time, money, and manpower.

Rachio

Series B in 2018
Rachio is a Denver-based software and hardware company focused on improving the water efficiency of homes. The company's Smart Controller enables to control outdoor sprinkler system from the palm of the user's hand, using a WiFi-enabled iOS or Android device. Rachio’s cloud-based software allows customers to manage their sprinkler systems from anywhere.

Noonlight

Seed Round in 2017
Noonlight, Inc. is a company that specializes in personal safety through its mobile application, which connects various Internet of Things (IoT) devices to enhance user protection. Founded in 2013 and headquartered in Saint Louis, Missouri, Noonlight's platform provides 24/7 professional monitoring and data-driven emergency response capabilities. The application enables users to create accounts and connect multiple devices, allowing for precise location detection in emergencies. In critical situations, it can alert authorities without necessitating a 911 call or verbal communication. Noonlight's technology is operational across the United States, making it a versatile tool for enhancing personal safety and comfort.

Notion

Series A in 2017
Notion is a smart self-monitoring system that empowers home and property owners to be proactive in protecting their spaces, people, and possessions. The company offers data analytics, intuitive user experience, and an all-in-one, the oreo-sized sensor that allows for real-time alerts ranging from motion and temperature to water leaks and alarms so that customers can be notified of issues at home instantly. The company was established by Brett Jurgens and Ryan Margoles in 2013 and it is headquartered in Denver, Colorado.

Tovala

Seed Round in 2016
Tovala is a Chicago-based company founded in 2015 that offers an innovative solution for meal preparation by combining a smart oven with a fresh meal delivery service. The Tovala oven is an internet-connected countertop steam oven designed for multi-step cooking, allowing users to prepare meals effortlessly by simply scanning a barcode. The accompanying meal service provides chef-crafted meals, ensuring that customers can enjoy healthy, home-cooked dishes without the hassle of extensive cooking. Launched in 2017, Tovala aims to simplify dinner preparation for busy individuals, making it easy to access delicious and nutritious meals.
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