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Posted October 26 , 2021

 

NASHVILLE, Tenn., Oct. 20, 2021 /PRNewswire-PRWeb/ -- Zerv Access Solutions, a first-of-its-kind contactless control platform, has formally closed on $15 million in Series A funding to pursue its mission of simplifying access control and bringing people together with an innovative technology solution.

Founder and CEO Cody Horchak said the funding will equip Zerv to accelerate product development, expand its global team and increase production capacity to meet surging demand. The funding was led by investment from GreenPoint Partners and Taronga Ventures, in addition to a number of other strategic individuals.

"This funding is a huge signal to us that we're on the right track with the direction of the company," Horchak said. "We've proven a path to profitability and growth, and we're hugely grateful to our investors for seeing the same potential in the future of Zerv that we do and getting on board at a critical time."
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{mprestriction ids="1,4,9"}"We believe Zerv is a compelling solution that meaningfully addresses the pain points of access control, seamlessly spanning across a diverse lock hardware ecosystem and the ever-growing needs of software interfaces into that ecosystem," said Eric Boothe, Operating Partner at GreenPoint Partners. "We see Zerv's product opening up physical access controls in the same way that Okta enabled single sign-on for the masses, and in turn are very excited to launch into this journey with the Zerv team."

This is the first round of major investment into the technology company, which aims to digitize and streamline access and security systems from traditional fobs and magnetic key cards into a simple smart device app. Its proprietary Zervers — plug-in devices that leverage existing access control infrastructure to connect a mobile device to a legacy system in 30 seconds — make it easy to modernize and retrofit existing access systems with minimal disruption or cost. And Zerv's platform offers property managers a wealth of invaluable data that can be used to make more efficient buildings and allocate resources more effectively.

"Our institutional real estate partners are actively seeking seamless, integrated security solutions that can improve access control and provide a greater understanding of actual building occupancy," said Taronga Ventures' Co-Founder and Managing Partner Jonathan Hannam. "We are delighted to be supporting this pioneering Smart Access solution with such widespread global applicability."

 

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