What is LocknCharge?
Founded in 2010 by Paul Symons, LocknCharge addresses the critical need for secure and efficient management of tablets and laptops. Originating from a teacher's observation of device theft, the company has evolved to design and manufacture robust carts, wall cages, and lockers that not only secure but also synchronize and charge mobile devices. With dual headquarters in Perth, Western Australia, and Madison, Wisconsin, LocknCharge serves a global clientele, providing essential infrastructure for educational institutions and businesses grappling with the widespread adoption of mobile technology.
How much funding has LocknCharge raised?
LocknCharge has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in LocknCharge
PPP
Public-Private Partnership
What's next for LocknCharge?
The recent strategic investment signals LocknCharge's intent to leverage its market presence for accelerated growth. This capital infusion is likely to fuel product development, enhance global distribution networks, and potentially explore new market segments requiring secure device charging and management. As a company operating in the late-stage funding environment, LocknCharge is poised to solidify its leadership in the device security and charging solutions sector, capitalizing on the increasing reliance on mobile devices across various industries.
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