Halifax Technology Start-Up Closes over $2M in Investment
Shareholders Approve Strategic Investment in LifeRaft - Social Navigator
HALIFAX – March 7th, 2016 – LifeRaft, a leading social intelligence provider for the public safety industry, is pleased to announce shareholder approval of a 1.4 million dollar (CAD) strategic investment from a major international partner.
Completion of this transaction combined with investment from a small group of independent shareholders closes this round of funding for the start-up at just over $2M. An investment of this calibre will allow LifeRaft to expedite its growth strategy with new local hires to expand its existing sales, customer support and development teams.
“This investment from an active strategic partner is a testament to the power of our technology and the exceptional potential it represents. It also demonstrates the confidence placed in our team’s ability to deliver. We are very proud of what we have achieved to date, especially for the size and infancy of our company,” says John Gallinaugh, CEO of LifeRaft. “These funds will help grow our presence in the North American market and invest in new hires to build out our team and prepare the company to accelerate our growth.”
Founded in 2014, LifeRaft’s technology platform identifies potential threats to public safety by gathering actionable intelligence from all major social media channels, such as Twitter, Instagram, YouTube, then filtering it so only the most useful information is communicated and displayed.
The information of the investing company is confidential.
For Further Information:
Mary Jane Leslie
Director, Marketing & Communications, LifeRaft
Return to Articles