LockState, Inc. announced that it has received $5.8 million in funding from Iron Gate Capital, LLC, Kozo Keikaku Engineering Inc., Service Provider Capital, LLC, Nelnet, Inc.

On May 22, 2018, LockState closed the transaction. The company raised 5,800,000 in a series A round of funding led by a new investor Iron Gate Capital, LLC. The transaction also included participation from four investors including Kozo Keikaku Engineering Inc. (JASDAQ:4748), Nelnet, Inc. (NYSE:NNI), and Service Provider Capital, LLC.

The company has received a total of $7,490,000 in funding till date.