Enterprise smart lock maker Sera4 of Waterloo secures $1.5M financing from BDC Capital

KITCHENER and WATERLOO, November 4, 2019—Sera4 of Waterloo, Ontario has secured non-dilutive growth financing totalling 1.5 million dollars from BDC Capital’s Growth & Transition Capital division. Sera4 makes enterprise-grade locks that are opened wirelessly with authorized users’ smartphones. Its technology affords greater security and efficiency as there are no physical keys in circulation and no anonymous access.

Sera4 was founded in 2014 by Jerod Klink, a former software engineer at BlackBerry. He was joined two years later by David Coode, a senior manager at ON Semiconductor, who took on the role of CEO. Sera4 has enjoyed early success with substantial sales to telecommunications service providers and tower operators in Mexico. It is now expanding in North America and elsewhere in the world as well as penetrating other industries with critical installations requiring access control.

“BDC Capital’s financial support is an integral part of our overall growth plan at Sera4,” says CEO David Coode. “The financial products and advice from BDC fit perfectly with our needs at this stage, and dealing with BDC Capital has been a pleasure.”

This transaction was conducted by Mark Lunick, Director, Growth & Transition Capital for Southwestern Ontario at BDC Capital. “Sera4 has solved a big problem for companies that need to give controlled access to their critical infrastructure,” comments Lunick. “The market for Sera4’s technology is considerable. The go-to-market strategy that management is now deploying is very well thought out and includes a deep pipeline of potential customers.”

About Sera4

Sera4 Ltd. is a leading supplier of keyless physical access control for critical infrastructure. It provides cyber-resilient site access automation and identification at scale, solving real challenges in operations while reducing significant asset losses. Sera4 solutions currently secure customers throughout the Americas and in Africa. Sera4 is headquartered in Waterloo, Ontario.

About BDC Capital

BDC Capital is the investment arm of BDC—Canada’s only bank devoted exclusively to entrepreneurs. With more than $3 billion under management, BDC Capital serves as a strategic partner to the country’s most innovative firms. It offers a full spectrum of risk capital, from seed investments to transition capital, supporting Canadian entrepreneurs who wish to scale their businesses into global champions. Visit bdc.ca/capital.

Sera4 presenting at Africa Accelerating 2019

Daniel Galeano of Sera4 will sit on a panel on Tuesday October 29th at 3:20 pm on Canadian Success Stories: Lessons from companies who have made it in Africa. This panel will be part of the Canada-Africa Chamber of Business annual forumAfrica Accelerating 2019which will be held on October 29-31, in Toronto.

Daniel representing Sera4 at the event (added later)

IMPACT Technical Products appointed as Representative for the Canadian Market

Sera4 (Waterloo, ON, Canada), is pleased to announce that IMPACT Technical Products (Mississauga, ON, Canada) is now the exclusive Manufacturer Representative for the Sera4 Teleporte keyless access control product line for the Canadian market.

Now in its 15th year of operation, IMPACT Technical Products (IMPACT) has established itself as a technical representation leader with a coast to coast presence in Canada. Although IMPACT supports all markets, the IMPACT engineering and support team specialize in addressing the mission critical, utility, transportation, industrial and communication service provider markets, which are all verticals that will greatly benefit from the Sera4 Teleporte keyless access control solution.

The partnership with IMPACT is effective immediately and it is a firm demonstration of Sera4’s commitment to assertively address the keyless digital access control market in Canada.


Sera4 (Waterloo, ON, Canada) est heureuse d’annoncer qu’IMPACT Technical Products (Mississauga, ON, Canada) est désormais le représentant exclusif pour la gamme de produits de contrôle d’accès sans clé Sera4 Teleporte pour le marché canadien.

Bien que IMPACT prenne en charge plusieurs marchés, son équipe d’ingénierie et de support se spécialise dans les marchés des fournisseurs de services critiques, de services publics, de transport, industriels et de communication, tous des secteurs qui bénéficieront grandement de la solution de contrôle d’accès sans clé Sera4 Teleporte.

Le partenariat avec IMPACT entre en vigueur immédiatement et témoigne de la détermination de Sera4 à s’attaquer de manière affirmée au marché de la commande d’accès numérique sans clé au Canada.

Sera4 Featured in the Globe & Mail

We have been prominently featured in one of Canada’s two national newspapers today. The online feature story can be found here.

FS-Systems represents Sera4 in Africa

FS-Systems, a South African company, has announced that they are representing Sera4 in Africa. We are excited to have FS-Systems supporting Teleporte in Africa with local supply and support.

The press release can be found here.

Interview with TowerXchange: Latest perspective

TowerXchange just released an interview with Sera4, with latest insights on access control in the tower and telecom markets. If you are not a TowerXchange subscriber, get in touch with us and we’ll send you a copy.

Sera4 featured in National Post

Sera4 is featured as an EDC success story in today’s print edition of the National Post. The online version can be found here.

American Tower selects Sera4 for Latin America Perimeter Security

Sera4 has announced that they are equipping American Tower Corporation sites in Latin America with their Teleporte access control solution and AP3 Armoured Padlock for perimeter access control at sites throughout Latin America. The Teleporte solution, together with Sera4 padlocks and controllers, provide a truly keyless access management solution, solving a longstanding operational issue regarding physical keys. Locks can be opened securely through anyone’s modern mobile phone and the identity of the person entering the site is automatically recorded.

Sera4 AP3 padlocks are designed for outdoor use at remote sites. With a 10mm guarded shackle, AP3 provides a formidable level of physical robustness. With a 5-year expected battery life and convenient battery changes, the AP3 padlocks and very low impact on maintenance programs.

“Teleporte helps tower companies streamline their operations as they no longer have to get physical keys or cards to anyone who needs to access sites that can be geographically isolated”, says David Coode, CEO at Sera4.

Product Introduction: Armored Padlock

Today, Sera4 announces AP3,  an armoured padlock for easy deployment of keyless security anywhere. AP3 has features which were designed specifically for telecom towers, such as chain link tether points and an internal battery that typically lasts 5 years before needing replacement.  The AP3 body is designed for the abuses of years of outdoor and remote real-world use. The body is chrome-plated, making it very resistant to saws and drills. The AP3 is water-resistant with an IP66 rating, which is good for all non-submersible applications. The silicone cover adds a final layer of protection.

AP3 is sampling now and shipping in volume in the second quarter of 2018.

Product Introduction: MX5

Today, Sera4 announces MX5, our next generation of telecom cabinet and shelter lock controllers for critical infrastructure protection. MX5 improves on all aspects of the MXv4 controller that it replaces: it is smaller, consumes less power, and can accommodate more lock types. MX5 also comes with independent cable sets to make installation and any future repairs much easier.

MX5 is sampling now and shipping in volume in the first quarter of 2018.