Scout Security To Go Public On Australian Securities Exchange

Scout Security To Go Public On Australian Securities Exchange

Scout Security is letting investors get into the home security startup, listing on the Australian Securities Exchange. The Chicago-based company is looking to bring its security systems international with the capital raised from going public.

As with many startups, Scout Security has already raised money from interested investors in private offerings including a crowdfunding round that didn’t use Kickstarter, saving the company a bunch of money.

It also earned an investment from the Amazon Alexa Fund, helping it jump into voice-controlled smart security long before some of its more traditional competitors.

Scout set itself apart in the market by offering some of the most affordable monthly subscription plans. While it’s equipment packages are a little pricey upfront, it’s hardware is straightforward and you can save money in the long run by avoiding costly monitoring packages.

The company hopes to appeal to investors with its steady recurring revenue and the heavy interest from millennials who’ve so far avoided buying into the home security market. Scout expects its revenue to continue to grow thanks to a growing smart-home market that often focuses on security products.

The listing will go live in July, and the new money will allow Scout to expand to Australia, the UK and Canada next year.

Gabe Turner

Gabe Turner

Gabe Turner is an attorney and journalist with a passion for home tech and secure, efficient living. Since graduating from NYU Law, he has maintained a paradoxical existence of trying to live life adventurously while remaining staunchly risk-averse. He is torn by the dual desires of wanting to only be in Brooklyn writing about housing policy and smart home tech and aspiring to visit his friends scattered across the globe. Gabe believes that stable, safe communities are the cornerstone to a vibrant and healthy society, and it is this passion that brought him to contribute to Security Baron.

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