Birmingham-based tech firm Conserv has closed a multimillion-dollar funding round.
“The money we are raising is to grow the business,” CEO Austin Senseman said. “So far, we have raised a million dollars, and this round is $3 million.”
Senseman said funds came from Benson Capital Partners of New Orleans, Bonaventure Capital and Jemison Investment Co., which led the last funding round.
The company started in 2018 when Senseman and Chief Technology Officer Nathan McMinn who conceptualized the firm to help museums preserve their art collections and pieces in 2018.
“We’re not going to need to raise money again until probably the ned of 2024,” Senseman said. “You never want to raise money again in an ideal world. Our goal is to get to about 30 times bigger than we are now.”
Conserv has grown from four employees at startup to 11, and Senseman projects expanding to employ 20 in 2023.
“The people we work with are very committed to preserving things so that others many generations from now can experience them,” Senseman said. “It’s a real pleasure to work with those types of folks. On a personal level, it’s fun to build new things, and we’re thrilled to do it in Birmingham. You can build a great company here, and I don’t think everyone realizes that. And they should.”
Conserv also was recently accepted into mentorship program for the city’s fastest-growing startups with Endeavor ScaleUp BHM.
