MākuSafe raises $4 million round as it begins to deploy its safety technology nationwide
July 8, 2020
West Des Moines-based MākuSafe has successfully closed a $4 million round which the company will use to grow its team and scale as it begins to deploy its wearable safety technology.
More than 3/4 of the round came from previous investors including EMC Insurance Companies and Next Level Ventures. The $4 million round puts MākuSafe over $10 million in total capital raised since the company founded in 2016.
“Our plan for this first year is to get a little bit of product into a lot of companies,” said Gabriel Glynn, CEO of MākuSafe. “Maybe get 100 devices into 70 or 80 companies across the country. If we can provide a really good experience to a lot of different companies and get just a handful of them to scale with us, we’re going to be in really good shape.”
The company now employs 17 people with plans to hire more throughout the year.
“We hired five people just in June alone. By the end of August, we’ll be over 20 people,” said Glynn.
Go to Clay & Milk to read the rest of the article about how MākuSafe launched product during a pandemic.