|Page (1) of 1 - 12/13/11||email article||print page|
Life360 Surpasses 10 Million Users and Announces $3.5 Million Series AIncludes Investment From Strategic Transportation Technology Investor Fontinalis Partners; Highlights Life360's Vision to Help Keep Families Safe in Their Cars, Homes and Everywhere (December 13, 2011)
SAN FRANCISCO, CA -- (Marketwire) -- 12/13/11 -- Life360 (www.life360.com), the largest provider of mobile family safety applications, today announced that it has reached its ten millionth user milestone. They also announced that they previously closed a $3.5 million Series A financing. Participants in the financing included Fontinalis Partners, Bessemer Venture Partners, 500 Startups, Kapor Capital, Venture51, Bullpen Capital, Social Leverage and EchoVC Partners, as well as existing investors. The latest investment brings the company's total funding to $5 million.
Life360 is now a trusted partner to over 10 million people who use its family-focused mobile application to locate loved ones, get help in emergencies and group chat within the cross-platform FamilyChannel. Although the mobile application will remain Life360's core focus, Fontinalis' investment signals Life360's opportunity to expand beyond mobile phones into other key elements of family life such as the car, home, school and office.
William Clay Ford, Jr. ("Bill Ford"), a Founding Partner of Fontinalis Partners and Executive Chairman of Ford Motor Company, stated, "Smartphones are quickly moving beyond just being about apps, they are becoming real utilities. Life360 proved to Fontinalis that they have the team, product and ability to enhance family safety through mobile devices and in the real world."
Fontinalis Partners is not affiliated with Ford Motor Company.
"Our mission of enabling families to live confidently extends far beyond the smartphone into many aspects of daily household life," said Chris Hulls, CEO and Co-founder of Life360. "We've worked hard to have over ten million people relying on Life360 to keep their families safe. With our significant scale and strong support from premier investors, we are well positioned to become the central app that families use to stay safe and connected. We plan on building new features like vehicle tracking and home monitoring -- all controlled from your mobile phone without the need for any new hardware."
Life360 is a trusted family security partner to more than ten million people who use its mobile products to keep their loved ones safe. Recognized by Google and Facebook for its innovative safety communications platform utilizing GPS, Life360's award-winning technology gives parents a way to see where their child is located, when they need help and who is around them. Everything is done in a convenient and secure way that doesn't interfere with busy schedules or personal freedom. By best addressing the most pressing concerns of parents in today's world, Life360 is the largest mobile family safety provider on the market. For more information, visit www.life360.com.
About Fontinalis Partners
Fontinalis Partners, with offices in Detroit and Boston, is a leading transportation technology strategic investment firm founded by Bill Ford, Ralph Booth, Mark Schulz, Chris Cheever and Chris Thomas. Fontinalis' mission is to leverage the firm's considerable management experience, market access, strategic relationships, international expertise, and background in transportation innovation to scale companies providing the transportation technology solutions of tomorrow. Fontinalis Partners, LLC, invests as a strategic partner across all facets of the world's transportation infrastructure on a stage, structure and size agnostic basis. Fontinalis Partners is not affiliated with Ford Motor Company. For further information about Fontinalis Partners, please visit www.fontinalispartners.com or call (313) 432-0321.
Vantage Communications for Life360
Copyright @ Marketwire
Related Keywords: Life360, Home, Family, Security, Children, Parents, Family, Communications, Web, Smart Phone, Search, Applications, Security, Family, Google, Applications, Security, Internet, Business Issues, Hardware, Security, Internet Server Applications, Management, CEO/CFO, Marketwire, , Auto Manufacturers - Major, Communications Technology, Family, Parents, Other,