Total amount raised
$140.2 Millions
Latest funding date
Location
Life360 has successfully raised significant capital through multiple funding rounds, attracting a diverse group of investors. The platform offers a suite of features designed to enhance family safety and connectivity.
Keep reading to explore the intricacies of Life360's fundraising journey and the investors backing this innovative platform.
What Is Life360?
Life360, founded in 2008, is headquartered in San Francisco, California. The company was established by Alex Haro, Chris Hulls, and Dilpreet Singh.
Life360 offers a mobile app designed to help families stay connected and safe. The app includes features such as location sharing, place alerts, crash detection, and roadside assistance.
With a workforce of 251-500 employees, Life360 continues to innovate in the family safety and connectivity space.
How Much Funding Has Life360 Raised?
- Series B
- Amount Raised: $10M
- Date: July 2013
- Lead Investors: DCM Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the app's features and improve user experience.
- Series B
- Amount Raised: $7M
- Date: December 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the app's growing user base and enhance infrastructure.
- Series C
- Amount Raised: $50M
- Date: May 2014
- Lead Investors: ADT
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop a new mobile application in collaboration with ADT.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: November 2014
- Lead Investors: Expansion Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the app's capabilities and market reach.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: August 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling the app and enhance user engagement.
- Venture Round
- Amount Raised: A$1.3M
- Date: November 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and new feature development.
- Series C
- Amount Raised: Not publicly disclosed
- Date: January 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance app security features and user interface.
- Series D
- Amount Raised: $28M
- Date: October 2018
- Lead Investors: Regal Funds Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand the app's feature set.
- Post-IPO Equity
- Amount Raised: $2.1M
- Date: June 2021
- Lead Investors: Bryant Stibel Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund new product development and market expansion.
- Post-IPO Equity
- Amount Raised: A$50M
- Date: November 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial stability and support long-term growth.
Total Amount Raised: $148.4M
Current Valuation: Not publicly disclosed
Key Investors
- DCM Ventures
- Details: DCM Ventures is a venture capital firm that invests in early-stage technology companies. They have a global presence with offices in Silicon Valley, Beijing, and Tokyo.
- Investment Focus Areas: Mobile, consumer internet, software.
- Notable Investments: Bill.com, SoFi, Lime.
- ADT
- Details: ADT is a leading provider of security and automation solutions for homes and businesses in the United States and Canada. They offer a range of services including alarm monitoring and home automation.
- Investment Focus Areas: Security, monitoring services.
- Notable Investments: Not publicly disclosed.
- Regal Funds Management
- Details: Regal Funds Management is an Australian-based investment management firm. They specialize in providing investment solutions across various asset classes.
- Investment Focus Areas: Hedge funds, private equity, real estate.
- Notable Investments: Not publicly disclosed.
- Bryant Stibel Investments
- Details: Bryant Stibel Investments is a venture capital and private equity firm co-founded by Kobe Bryant and Jeff Stibel. The firm focuses on investing in companies with strong growth potential.
- Investment Focus Areas: Technology, media, data.
- Notable Investments: LegalZoom, The Honest Company, Alibaba.
- Expansion Venture Capital
- Details: Expansion Venture Capital is a venture capital firm that invests in early and growth-stage companies. They focus on providing strategic support to help companies scale.
- Investment Focus Areas: Technology, consumer products, healthcare.
- Notable Investments: Not publicly disclosed.
What's Next for Life360?
Life360's collaboration with ADT opens up significant opportunities, particularly in integrating emergency response services directly into their app. This partnership could greatly expand their user base and revenue through subscription fees for enhanced security features.
Future fundraising seems promising, given the strong backing from multiple investors in previous rounds. The growing demand for family safety apps and the trend towards subscription-based models further bolster their prospects.
However, Life360 may face challenges such as competition from other apps and ensuring the reliability of their new services. Successfully managing these hurdles will be crucial for their continued growth and market expansion.
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