What is Paragon Security & Locksmith?
Founded in 1988, Paragon Security & Locksmith has evolved into a premier provider of advanced residential and commercial safety and security solutions across New York City and its surrounding areas. The company offers a comprehensive suite of innovative security products and services, including high-security locks, surveillance systems, access control, alarm monitoring, safes, and ironwork. Paragon Security's strategic expansion into retail hardware and housewares, operating under the Basics Plus brand with seven locations, demonstrates a diversified business model that complements its core security services. This dual approach allows Paragon to serve a broad customer base with integrated safety and convenience.
How much funding has Paragon Security & Locksmith raised?
Paragon Security & Locksmith has raised a total of $550K across 2 funding rounds:
Debt
$150K
Debt
$400K
Debt (2020): $150K with participation from PPP
Debt (2021): $400K led by PPP
What's next for Paragon Security & Locksmith?
The substantial enterprise-level funding and recent strategic investment signal a clear intent for further expansion and technological advancement for Paragon Security & Locksmith. This capital infusion is likely to fuel the enhancement of its service offerings, potentially including the integration of more sophisticated smart home and business security technologies, and the expansion of its operational footprint within the New York metropolitan area. The company's history of strategic acquisitions and diversification suggests a forward-looking approach, aiming to solidify its leadership in the security sector through continuous innovation and customer-centric service.
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