Life360, Inc. announced that it expects to receive $2.1 million in funding from Bryant Stibel
June 28, 2021
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Life360, Inc. (ASX:360) announced a private placement for gross proceeds of $2,100,000 led by Bryant Stibel on June 29, 2021. The transaction will include participation from Vanessa Bryant, Tony Hawk, Nicole and Michael Phelps, Billy Perry, Jada and Chris Paul, and Chip and Joanna Gaines
Life360, Inc. is a provider of technology platform used to locate the people, pets and things that matter to families. The Company has a category at the intersection of family, technology, and safety to help keep families connected and safe. Its products include Life360 Subscription Offerings, Life360 Platform, Tile Product Line, Tile Subscription Offerings, Jiobit Product Line and Jiobit Subscription Offerings. The Life360 mobile application operates under a freemium model where its core offering is available to users. In addition, three paid membership subscription options are available for users looking for a variety of features, such as additional safety features for the everyday family: Life360 Silver, Life360 Gold, and Life360 Platinum, which offer users a comprehensive suite of premium safety services. It offers four key product features that combined make up the Life360 Platform: location coordination and safety, driving safety, digital safety, and emergency assistance.