Conserv raises $3m in a Series A round led by Benson Capital Partners to expand internationally.
The Series A round will fund expansion across the United States and Europe for the cultural preservation platform.
≈ £2.5M at $1 = £0.8174 on 11 May 2022
Conserv develops an environmental monitoring platform for museums, libraries, archives, and historic properties. The company integrates wireless sensor data with pest control metrics to support preservation professionals.
Conserv has secured $3m in a Series A financing round led by Benson Capital Partners. The company plans to use the capital to expand its operations across the United States and Europe.
Founded in 2018, the firm provides environmental and pest monitoring solutions to cultural institutions, including the Museum of Modern Art and the Smithsonian Libraries and Archives. The business has expanded its customer base over the past eighteen months and appointed several senior personnel ahead of closing the investment.
From the founder
"We believe that collecting organisations should have access to cost-effective technology to help conserve our shared cultural legacy. COVID-19 has hastened a shift in an organization's expectations for cost-effective, remote-accessible solutions. We want to give an amazing experience for managing the data that drives preservation outcomes to all collecting organisations, regardless of size or location."
Austin Senseman
CEO at Conserv
Investor perspective
"We believe that a focused team using cutting-edge technology in the right market is a winner. For these reasons, the Conserv solutions stand out. Their solutions are created by and for preservation professionals in a sea of generic sensor businesses. At Conserv, we’re enthused about the technology, the people, and the objective"
Caroline Crumley
Director, Benson Capital Partners
Use of funds
- 01Expand into international markets
Investors
Caroline Crumley
Benson Capital Partners
Bonaventure Capital
Timberline Holdings
Jemison Investment Company