Microshare Closes $5mn+ in Financing to Fuel Growth in Facilities Safety and Intelligence Solutions
Summary
Separately, the company announced completion of an inventory leasing arrangement with Cal-Chip Connected Devices, a strategic distributor of LoRaWAN® and other IoT products, which provides Microshare with a unique hardware business model to support its current accelerated growth. Its Universal Contact Tracing solution has become a global category leader since the onset of the COVID-19 outbreak, joining other staples of its Clean=Safe™ smart facilities offerings, including Occupancy and Indoor Air Quality Monitoring and Predictive cleaning. “COVID-19 is making unprecedented demands on anyone who operates physical assets and the market understands there will be no sudden return to the old ways of occupying space.”= Since its founding in 2013, Microshare has raised just over $20 million, the majority of it from individual investors, plus a previous investment from Kerlink and a multimillion-dollar stake purchased in 2018 by Motley Fool Ventures. Unlike troublesome and invasive smartphone app approaches, Microshare’s solution relies on proven Bluetooth powered wearable wristbands and badges does not collect Personally Identifiable Information (PII). View the entire Clean=Safe solution set at www.microshare.io About Microshare: Microshare™ provides “Sensing-as-a-Service” and Digital Twin capabilities our clients in commercial real estate, manufacturing and other sectors using carefully curated IoT data to reveal previously hidden insights on the safety, efficiency and sustainability of their facilities.
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