Published: November 24, 2009
Life360 Locks Down $750k in Latest Funding Round
SAN FRANCISCO - (BUSINESS WIRE) - Life360, the online service for managing family safety and security, has
raised $750,000 in their most recent round of funding. Investors include
Founders Fund, early Mint.com investor Mark Goines, LaunchCapital and
the Seraph Group.
Life360 previously received support from some of the top names in
technology. In 2008, they won the Google Android developer challenge and
$300k in funding from Google. In spring 2009, Life360 was declared an
fbFund finalist, earning an investment from Facebook and an invitation
to participate in the fbFund REV incubator program.
Currently in public beta, Life360 helps people live more confidently
with services that let families solve their range of safety, security
and preparedness needs all in one place. The Life360 platform makes it
simple for families to guard against potential disasters, both major and
minor-features include credit and identity theft protection, cell
phone-based family tracking, emergency child identification, lost item
recovery, and an emergency messaging system to reconnect families even
when some communication lines are down.
"The current safety and security market consists of fragmented brick and
mortar services that are difficult for consumers to use and find,"
investor Dave McClure, of Founders Fund, explains. "Life360 is using the
Internet and socially-enabled services like Facebook Connect to make
online family solutions easy for everyone to use, not just geeks."
"As one of the latest fbFund companies to raise funding and grow their
business, Life360 represents how integrating with Facebook Connect can
add value to a service by enabling people to connect with friends and
family in times of disaster," said Cat Lee, who helps lead fbFund at
Facebook.
"Safety and security has been an enormous market for decades. Life360 is
trying to modernize the industry by bringing these products online and
giving families an easier, cheaper, and more powerful way to manage
their personal safety and security concerns," said CEO Chris Hulls.
"This additional funding will allow us to expand the services offered on
the Life360 platform and bring the product to more people."
For more information, please visit: http://www.life360.com/.
About Life360
Life360 offers consumers a way to manage their full range of safety and
security needs all in one place. Services range from identity theft
protection, to lost item recovery, medical identification, and family
tracking. Founded in the aftermath of Hurricane Katrina, Life360's
mission is to use emerging technology to help people prepare for both
major emergencies and everyday worries. For more information, please
visit http://www.life360.com/.
Facebook is a registered trademark of Facebook Inc.
TriplePoint
Alexia Nielsen, 415-200-8661
alexia@triplepointpr.com
Copyright © 2012, Business Wire, Inc., All rights reserved.
Copyright © 2012, NewsBlaze,
Daily News