LiveSafe, an Arlington, VA-based mobile safety technology company, raised $6.5m in Series A financing.
The round was led by IAC (NASDAQ:IACI). In conjunction with the funding, Barry Diller, Chairman and Senior Executive, IAC, will join the Board of Directors of the company.
Led by Jenny Abramson, CEO and President, LiveSafe provides a safety solution that allows individuals to use a smartphone app linked to a cloud-based command center to create a channel of communication between the community and safety officials at schools, malls, sporting events, public transportation, or local communities. The company also provides a suite of emergency services for real time location tracking in distress situations.
25/11/2013: LiveSafe Receives Investment from CIT GAP Funds