TLDR:
- Mysafe, a UAE-based automated safe deposit box center, secured a $4 million Series A funding round led by Evanox.
- The funding will be used to accelerate growth and enhance security solutions.
Mysafe, a UAE-based provider of automated safe deposit box centers, has announced that it has successfully raised a $4 million Series A funding round. This funding round was led by Evanox, a venture capital firm known for its strategic investments in high-growth technology companies. Founded in 2016, Mysafe is a pioneer in fully automated safe deposit box centers, with a presence in the UAE, Kenya, and the United States.
The company’s state-of-the-art facilities offer top-notch security and convenience, featuring advanced biometric scans for access and 24/7/365 availability. The CEO of Mysafe, Terence Downes, expressed excitement over the funding, highlighting the confidence investors have in the company’s vision. The Deputy CEO, Sascha Winter, emphasized the team’s dedication and hard work in securing the funding.
Mysafe plans to use the funding to expand its network and enhance its product offerings to meet the evolving needs of its customers. Winter shared insights on the fundraising process, mentioning how impressed investors were with the technology offered by Mysafe.
This funding round comes at a time when investments in the MENA region are on the rise, creating a competitive environment for entrepreneurs seeking funding. Winter advised entrepreneurs to be persistent and leverage their networks when seeking investment opportunities. Overall, Mysafe’s Series A funding marks a significant milestone for the company as it looks to grow and deliver unparalleled security solutions to a broader customer base.
