Sevco Security raised $17M in a funding round led by SYN Ventures to expand operations and business reach.
Mar 21, 2024•over 1 year ago
Amount Raised
$17 Million
Investors
Washington Harbor PartnersBill Wood VenturesAccomplice.406 VenturesSyn Ventures
Description
Sevco Security, based in Austin, TX, announced that it has raised $17M in funding. The round, led by SYN Ventures and with participation from .406 Ventures, Accomplice, Bill Wood Ventures, and Washington Harbor Partners, brought the total amount to $38M. The company intends to use the funds to expand operations and its business reach.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
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