Life360 Receives Strategic Investment from BMW i Ventures
The amount of the deal was not disclosed by BMW i Ventures acquired a minority stake in the company.
Commenting on the investment, Ulrich Quay, Managing Director of BMW I Ventures, said: “The strategic investment enables BMW and Life360 to explore different ways to co-operate together on innovative location-based and integrated services for families“.
Founded in 2008 by CEO Chris Hulls, Life360 leverages location-based technology to enable more than 30 million users to set up a private family network to see where their people are located, know when they need help and see where the nearest safety resources are at all times.
It is free to download on Android and iPhone platforms.