Chameleon Smart Home Shares Listed on BSE

Innovation

Image courtesy of Budapest Stock Exchange (BÉT)

The shares of Chameleon Smart Home, a Hungarian startup that offers a brand-independent smart home system hub, were listed on the Budapest Stock Exchange's Xtend platform for SMEs last week, according to a release on the bourse's website.

The system hub is used in more than 1,000 flats and nearly 500 detached homes in Hungary.

The system is also available in Serbia, Romania, and Germany. Hiventures, the venture capital arm of the state-owned Hungarian Development Bank (MFB), has invested around HUF 850 million in the startup since 2020.

The company had a revenue of HUF 238 mln in 2021.

With Chameleon Smart Home, the number of listings on the Xtend platform has grown to 18.

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