Eero raises $50M and partners with Best Buy to sell the router Apple should have made

Eero, the hardware company behind a system of good-looking home routers — announced today that it has picked up a $50 million investment led by Menlo Ventures and Index Ventures.

The San Francisco-based startup says it will use the capital to expand the team and improve its customer support. The money will also fuel distribution efforts.

[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1960366,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,cloud,entrepreneur,","session":"C"}']

Though the products are already available at Eero.com and Amazon, customers will also be able to buy “one hell of a fancy router” — the kind you’d expect to see from Apple — on BestBuy.com, starting this week. Eero products will debut in physical Best Buy stores this summer.

Eeros aren’t cheap: The company’s three-pack costs $499, while single units are priced at a (slightly) more modest $199.

Both Menlo’s Mark Siegel and Index Ventures’ Mike Volpi will work closely with Eero as part of the deal. Siegel will join Eero’s board, while Volpi will collaborate as a partner.

First Round Capital, Shasta Ventures, Redpoint Ventures, and Playground Global —all previous Eero investors — also participated in the funding round.

Eero has put together at least $90 million in funds since its seed round in February 2015, when the startup secured $1 million in presales in two days.