What is MākuSafe?
Founded in 2016 and headquartered in West Des Moines, Iowa, MākuSafe operates within the industrial technology sector, providing a comprehensive software platform. Its core offering is designed to track and improve critical metrics related to employee health, safety, and overall productivity, particularly for industries with high-risk environments such as manufacturing. By leveraging data analytics and actionable insights, MākuSafe aims to create safer workplaces and optimize operational workflows, addressing a key challenge for businesses seeking to balance human capital management with production demands.
How much funding has MākuSafe raised?
MākuSafe has raised a total of $22.3M across 6 funding rounds:
Angel/Seed
$1.3M
Angel/Seed
$3M
Multiple Rounds
$5.7M
Debt
$390K
Angel/Seed (2017): $1.3M with participation from EMC Insurance Companies
Angel/Seed (2019): $3M led by EMC Insurance Companies
Other Financing Round (2020): $1.5M supported by EMC Insurance Companies and Next Level Ventures
Debt (2020): $150K featuring PPP
Unspecified (2020): $4M backed by Next Level Ventures and EMC Insurance Group Inc
Debt (2021): $390K with participation from PPP
Key Investors in MākuSafe
Next Level Ventures
Next Level Ventures is a prominent investment firm based in Iowa, managing over $400 million in assets across a diverse portfolio of more than 45 companies. The firm specializes in providing strategic investments ranging from seed funding to growth-stage funding, with typical investments between $0.5 to $5.0 million. They focus on building partnerships, particularly in the fintech sector, and actively support their portfolio companies with financial, operational, and networking assistance. Next Level Ventures aims to deliver profitable outcomes for entrepreneurs while making meaningful contributions to the innovation ecosystem.
EMC Insurance Companies
EMC Insurance Companies is a significant player in the insurance sector, known for its comprehensive risk management solutions. Their investment in MākuSafe suggests a strategic interest in leveraging technology to enhance workplace safety and reduce insurance-related liabilities for their clients in industrial sectors.
PPP
Public-Private Partnership
What's next for MākuSafe?
The recent strategic investment positions MākuSafe for accelerated expansion and further development of its safety and productivity platform. With a clear focus on enterprise-level solutions, the company is poised to deepen its market penetration within the manufacturing sector and potentially explore adjacent industries facing similar occupational health and safety challenges. Future initiatives will likely involve enhancing the platform's analytical capabilities, expanding its feature set to address emerging workplace safety regulations, and scaling its sales and support infrastructure to meet growing demand. This capital infusion is expected to fuel innovation and solidify MākuSafe's competitive advantage in the industrial safety technology market.
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