Life360 Welcomes BMW As A Strategic Investor In Its Family Location App
SAN FRANCISCO, March 7, 2013
SAN FRANCISCO, March 7, 2013 /PRNewswire/ --Life360, the leading location and
communication app for families, today announced that BMW i Ventures, the
venture capital company of German luxury car manufacturer, BMW Group, has
made a strategic, long-term investment in the mobile app company. Using
location-based technology, Life360 enables its more than 30 million users to
set up a private family network to see where their loved ones are located,
know when they need help and see where the nearest safety resources are at all
"We have long envisioned how Life360 can be integrated into connected cars,"
said Chris Hulls, co-founder and CEO of Life360. "We are thrilled to be
partnering with the innovative team at BMW to develop convenient ways for
families to safely stay connected with each other when they are on the road.
For example, our location-based technology could allow drivers to touch a
portrait of a family member on their dashboard and navigate directly to that
family member. This is just one of many ways Life360 can be integrated into
the car to deliver a valuable utility to families."
"Life360 offers a great addition to our portfolio underlining BMW's vision of
convenient and efficient mobility and safety," said Ulrich Quay, Managing
Director of BMW I Ventures, LLC. "The strategic investment enables BMW and
Life360 to explore different ways to co-operate together on innovative
location-based and integrated services for families."
Life360 is free to download on Android and iPhone platforms. Tracking of a
non-smartphone can be added to a family network for $4.99/month. Life360 users
can view their family members' locations on a private family map, request and
send "check ins," view crime data as well as safety resources on the map, and
send a panic alert if needed. Life360 recently announced several new features,
including a geo-fencing feature called "Places" that allows users to designate
locations on the map and receive an alert every time a family member arrives
at those designated locations. The new "Places" feature has proven to be
extremely popular with families who appreciate the convenience of automatic
alerts when a loved one arrives at home, school, work or at another designated
Founded in 2008, Life360 placed first in Google's Android Developer Challenge
in that same year and launched its app in 2009. Since then, it has attracted
more than 30 million users and more than 150 billion location points have been
shared. More than 2,500 location points are shared every second through
Life360 is the fifth strategic investment by BMW i Ventures. Other investments
include MyCityWay, ParkAtMyHouse, Chargepoint and Embark. The BMW i Ventures
investment in Life360 represents a minority stake.
Life360 is the leading location and communication app for families available
for Android and the iPhone. Using location-based technology, Life360 enables
parents to see where their children are located, know when they need help and
see where the nearest safety resources are at all times. The app operates in a
convenient and secure way that does not interfere with busy schedules or
personal freedom. Founded in 2008, Life360 placed first in Google's Android
Developer Challenge in that same year and has received funding from several
prominent investors. For more information, visitwww.life360.com.
Contact: Audrey Shedivy, +1-310-770-0610, firstname.lastname@example.org
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