Rising startup Sequr, a cloud-based access control platform, announced a newly closed $1.75 million round today. The Techstars Atlanta graduates closed their second seed round last week led by Knoll Ventures, Tech Square Ventures, and Ellis Capital. Their first seed round came from David Cummings earlier last year.
“We are incredibly excited with the way the round came together,” says CEO Andrew Eddy. “From day one, we wanted to bring in investors that were not only going to write a check but who could also provide strategic value.”
Sequr will leverage the new funds to expand the team, from sales and operations to marketing and engineering, and accelerate their growth. They will be hiring at least six employees over the next three months to expand to more market segments and increase customer acquisition.
“We have begun to find product/market-fit and now it is time to ramp up our sales, marketing, and channel partnerships. We think we have the pieces in place to execute and hit our next meaningful milestones,” says Eddy.
Sequr provides a tech-enabled solution to antiquated access systems by replacing your key fobs and cards with a cloud-based access control that operates from your phone. A mobile credential makes your access to buildings and offices more secure than with a physical credential. You can manage them all from one place without having to worry about losing them.
“The biggest thing I learned from this round is that Atlanta has an incredible ecosystem to start a company,” says COO Michael Maxsenti. “The syndicate of investors we were able to assemble are mostly Atlanta-based and are providing us with incredible support to accomplish our goals as a company.”