Pool Safe Inc. Secures Seed Funding to Accelerate LounGenie Development
December 8, 2022 | North York, ON
Pool Safe Inc. announced the successful closing of a $1.5 million seed funding round led by prominent hospitality-focused venture capital investors. The capital will accelerate product development, fund initial manufacturing scale-up and support market entry strategy for the LounGenie poolside amenity platform across North American hospitality venues.
The seed investment validates the market opportunity and product-market fit demonstrated through extensive testing and partnerships with leading hospitality properties. Pool Safe Inc. plans to deploy capital toward completing product development, establishing manufacturing partnerships and executing a strategic go-to-market campaign targeting high-volume hospitality properties.
Pool Safe Inc. (TSX-V: POOL) · 906 Magnetic Drive, North York, ON M3J 2C4 · info@poolsafeinc.com · 1 (416) 630-2444
This press release contains forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking information.