- Companies
- Vivint
Vivint Acquisition, Valuation, Funding & Investors
Vivint was acquired by NRG Energy for $5.2B in December 2022, a 3.3x multiple on $1.6B of revenue.
Vivint revenue at acquisition
$1.6B
Last twelve months · Dec 2022
Vivint revenue multiple at acquisition
3.3x
EV/Revenue · Dec 2022
Vivint EBITDA multiple at acquisition
7.2x
EV/EBITDA · Dec 2022
About Vivint
Vivint Smart Home is a provider of integrated security, automation, and energy management systems across the United States and Canada. Its platform includes doorbells with facial recognition, smart thermostats, and solar integrations, installed by certified technicians. Provo, Utah-headquartered and owned by NRG Energy since 2023, Vivint operates service centers in 40 states and partners with ADT for monitoring. The company equips homes with 4K cameras and AI-driven alerts.
Founded
1999
HQ
Website
Status
Acquired
Customer focus
B2C
Revenue model
Subscription
Revenue
$1.6B (Dec 2022)
Valuation
$5.2B (acquired Dec 2022)
Vivint Acquisition
Vivint was acquired by NRG Energy for $5.2B on 6 December 2022.
The acquisition price implies a 3.3x revenue and 7.2x EBITDA multiple on $1.6B of revenue.
Before the acquisition Vivint had raised $100M across 1 funding round.
NRG Energy, a leading U.S. energy provider, agreed on December 6, 2022, to acquire Vivint Smart Home, a Provo, Utah-based smart home platform offering security, automation, and energy management products and services, for $2.8 billion in cash at $12 per share, plus assumption of $2.4 billion in debt, resulting in a total enterprise value of $5.2 billion. The deal, unanimously approved by both boards, closed on December 5, 2022, and represents a full acquisition of Vivint's outstanding equity. NRG's advisors were Goldman Sachs and White & Case, while Vivint's were J.P. Morgan and Simpson Thacher & Bartlett. The acquisition supports NRG's consumer-focused strategy to build the leading essential home services platform by integrating Vivint's technology with NRG's energy services, creating cross-selling opportunities across 7.4 million North American customers and enhancing customer lifetime value through connected experiences. The transaction implies a 6.3x multiple on run-rate enterprise value to adjusted EBITDA, with annual run-rate adjusted EBITDA projected at $835 million including $100 million in run-rate synergies. NRG plans to maintain Vivint's Utah presence post-close. This follows NRG's prior $3.6 billion acquisition of Direct Energy in 2021, advancing diversification beyond electricity and natural gas into smart home solutions amid decarbonization efforts. The deal faced no noted regulatory hurdles and aligned with NRG's growth investments, though it increased leverage with $2 billion in new debt.
| Acquirer | Date | Type | Price | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|
| 6 Dec 2022 | Strategic M&A | $5.2B | 3.3x | 7.2x |
Vivint Funding History
Vivint has raised a total of $100M across 1 funding round.
Vivint funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2016 | Undisclosed stage | Founders Fund (lead); Solamere Capital (lead) | $100M | Vivint Smart Home, a Provo, Utah-based provider of integrated smart home technology including security systems, thermostats, cameras, doorbell cameras, sensors, and compatibility with devices like Amazon Echo and Nest thermostats, announced a $100 million strategic equity investment on April 27, 2016, co-led by Peter Thiel's Founders Fund and Solamere Capital, founded by Tagg Romney with Mitt Romney as chairman. The funding, Vivint's first venture capital round despite prior ownership by Blackstone which acquired the company for $2 billion in 2012, aims to fuel growth, research and development, product innovation, international expansion beyond the US, Canada, and New Zealand, and scaling comprehensive smart home installations. Blackstone remains the majority owner through APX Parent Holdco, Inc. In 2015, the year prior to the round, Vivint reported $650 million in revenue per company statements in TechCrunch and Business Insider, with Security Systems News specifying $653.7 million, marking a 16% increase over 2014, alongside $387 million in EBITDA indicating strong profitability. The company served over one million customers, with an average account tenure of nine years, and added 33,162 new smart home subscribers in Q4 2015, up 53.9% year-over-year. Customers typically have $1,200 in products installed, covered by service plans, with a 3.5-year recoup period emphasized by CEO Todd Pedersen. This investment validates Vivint's differentiated model in the heating smart home market against competitors like Nest and Amazon, focusing on full-service solutions rather than standalone hardware sales. The round drew attention for its size and backers, positioning Vivint for leadership amid rising competition from major consumer electronics firms. |
Who has invested in Vivint?
2 investors have backed Vivint across its funding rounds, including Founders Fund and Solamere Capital.
Lead investors include Founders Fund and Solamere Capital.
Vivint Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialAcquisitions by Vivint
Vivint has acquired 1 company to date.
Last acquisition by Vivint was on August 18th 2014. Vivint acquired Space Monkey for undisclosed valuation.
Latest Acquisitions by Vivint
| Description | Space Monkey is a hybrid cloud storage provider offering subscription-based access to one terabyte of secure online storage via proprietary hardware devices. Headquartered in Midvale, Utah, since 2011, it syncs data across iOS, Android, Windows, Mac, Linux clients, and web browsers, enabling global sharing and redundancy through a distributed peer network. |
| HQ Country | |
| HQ City | Salt Lake City, UT |
| Deal Date | 18 Aug 2014 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Vivint acquisitions and their M&A valuation multiples. Start Free Trial | |
Investments by Vivint
Vivint has invested in 1 company to date.
Latest investment by Vivint was on December 17th 2014. Vivint invested in Quantenna Communications in their $22M Undisclosed stage round.
Latest Investments by Vivint
| Description | Quantenna Communications is a leader in Wi-Fi chipsets supporting 802.11ac and 802.11ax standards with multi-gigabit speeds up to 10.2 Gbps. Founded in 2006 in Fremont, California, the company shipped over 1 billion chips before its 2019 acquisition by ON Semiconductor for $1.07 billion. Quantenna provides solutions for routers, mesh networks, and service provider gateways used by operators like Comcast and BT. Its 8x8 MU-MIMO technology enables capacity for 200+ devices per access point. Headquartered in San Jose post-acquisition, Quantenna maintains R&D centers in Shanghai and Pune. |
| HQ Country | |
| HQ City | San Jose, CA |
| Deal Date | 17 Dec 2014 |
| Round | Undisclosed stage |
| Raised | $22M |
| Investors | Sigma Partners; Centerview Capital; Venrock; Sequoia Capital; RUSNANO; Celesta Capital; NTT Group; DAG Ventures |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Vivint investments and their VC round multiples. Start Free Trial | |
Vivint Competitors
Vivint competitors include listed companies like Alarm.com, Impinj, EquipmentShare.com and Nordic Semiconductor, and private ones like Verkada and MEGVII.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1B | $184M | $2.7B | 2.6x | ||
| Publicly listed | $361M | $7M | $5.5B | 14.8x | ||
| Private | - | - | $5.8B | - | ||
| Publicly listed | $4.4B | $704M | $4.6B | 1.8x | ||
| Private | $183M | - | $4B | 21.9x | ||
| Publicly listed | $668M | $56M | $3.8B | 4.5x |
Vivint Public Comps
Vivint is no longer listed, but its public comps include Impinj, EquipmentShare.com, Brink's, GEO Group, Brady, ALSOK, Nordic Semiconductor, ThunderSoft, Loomis and MSA Safety.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $361M | $7M | 15.6x | 14.8x | 778.3x | 70.9x | |||
| $4.4B | $704M | 2.1x | 1.8x | 13.1x | 5.3x | |||
| $5.3B | $863M | 1.4x | 1.4x | 8.6x | 7.2x | |||
| $2.6B | $619M | 2.2x | 2.0x | 9.3x | 10.9x | |||
| $1.7B | $314M | 2.3x | 2.1x | 12.4x | 11.5x | |||
| $3.8B | $497M | 0.9x | 0.9x | 7.0x | 7.3x | |||
| $668M | $56M | 5.4x | 4.5x | 64.3x | 33.5x | |||
| $1.2B | $151M | 3.0x | 2.6x | 23.1x | 20.2x | |||
This data is available for Pro users. Sign up to see all Vivint competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Vivint
| When was Vivint founded? | Vivint was founded in 1999. |
| Where is Vivint headquartered? | Vivint is headquartered in Provo, UT, United States. |
| Is Vivint publicly listed? | No, Vivint was acquired by NRG Energy in December 2022. |
| Who acquired Vivint? | Vivint was acquired by NRG Energy in December 2022. |
| How much was Vivint acquired for? | Vivint was acquired for $5.2B in December 2022, a 3.3x revenue multiple. |
| How much funding has Vivint raised? | Vivint has raised $100M across 1 funding round. |
| What was Vivint's last funding round? | Vivint's last funding round was a $100M undisclosed-stage round in April 2016, led by Founders Fund and Solamere Capital. |
| Who are Vivint's investors? | Vivint's investors include Solamere Capital and Founders Fund. |
| Which companies are comparable to Vivint? | Companies comparable to Vivint include Alarm.com, Impinj, Verkada, EquipmentShare.com, MEGVII and Nordic Semiconductor. |
| How many companies has Vivint acquired? | Vivint has acquired 1 company, including Space Monkey. |
| How many companies has Vivint invested in? | Vivint has invested in 1 company, including Quantenna Communications. |
| What was Vivint's last investment? | In December 2014, Vivint invested in Quantenna Communications' $22M undisclosed-stage round alongside Sigma Partners, Centerview Capital, Venrock and 5 other investors. |
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