Milwaukee-based COnovate secures $1 million in SAFE financing

The COnovate team. Marija Gajdardziska-Josifovska and Carol Hirschmugl (Photo: Derek Rickert, UWM Photo Services)

Milwaukee-based COnovate, Inc. has completed a $1 million SAFE financing round. Simple Agreement for Future Equity (SAFE) funding is a simpler alternative to convertible notes. SAFE is not debt and an investor will get stock at a later date in exchange for the cash investment now. COnovate is the developer of a new advanced composite

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Ashley covers startups, technology and manufacturing for BizTimes. She was previously the managing editor of the News Graphic and Washington County Daily News. In past reporting roles, covering education at The Waukesha Freeman, she received several WNA awards. She is a UWM graduate. In her free time, Ashley enjoys watching independent films, tackling a new recipe in the kitchen and reading a good book.

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