TiO has added Charleston Angel Partners, a long-tenured and established angel investment group, as its latest investor. In addition, its parent company Anuva Automation has changed its name to TiO Home, Inc., with the aim of strengthening its brand recognition.
Through the Charleston Angel Partners investment, TiO will work to grow its presence, product offerings, and partnerships for dealers and homebuilders with an extensive long-term plan.
“Sanjay and his team at TiO Home are addressing a growing market opportunity in an effective way,” said John Osborne, executive administrator of Charleston Angel Partners. “I am excited to be able to add TiO Home to the Charleston Angel Partners portfolio and look forward to being a part of their growth going forward.”
“We’re pleased to announce Charleston Angel Partners’ investment in TiO,” said Sanjay Patel, president and chief executive officer of TiO. “John and his team of investors have been a pleasure to work with and we look forward to continuing our relationship with them. It’s a very exciting time for TiO and we have officially completed our name change to create more clarity for our brand. We are focused on growing TiO and creating common-sense automation solutions for our customers, so simplifying our name further reiterates our mission.”