LifeShield Security, a Yardley, PA-based provider of a professionally monitored wireless home security system, closed its second round of funding.Since December 2009, the company has raised nearly $11m in funding through two separate funding events.
First round investors include Novak Biddle Venture Partners, Associated Partners, CenterPoint Ventures, Novitas Capital and former NutriSystem CEO Michael Hagan.
Second round investors include earlier investors CenterPoint Ventures, Associated Partners, Novitas Capital, and Michael Hagan, with new additional funding coming from MHS Capital, First Round Capital, and NewSpring Growth Capital.
Michael Hagan, who joined LifeShield as President and CEO in December 2009, is also a significant investor.
The funds will allow the company, formerly called InGrid Home Security, to re-launch the business under the new LifeShield brand, as well as conduct a national media awareness campaign employing national television, print, internet, and radio to acquire new customers.
FinSMEs
16/06/2010