LiveSafe Announces $11M Investment

LiveSafe has announced it has secured $11m in a Series B-1 extension. Approximately half of the investments in this extension were made by existing investors and half came from new investors. Previous investors participating in this round include Hearst, Enterprise Investment Partners, L.P. (the personal investment vehicle for FedEx Chairman and CEO Fred Smith), and IAC (NASDAQ: IAC), with participation from new investors Dave Duffield (founder and former CEO of PeopleSoft and Workday), Revolution’s Rise of the Rest Seed Fund, GXPI (investment arm of Evergy, Inc.), and the Kilberg family. The new funding will be leveraged to accelerate strategic partnerships, expand sales and marketing and to further build out its product offerings.

LiveSafe is a platform that powers enterprises – including retailers, utilities, healthcare organizations, transportation and logistics firms, colleges and universities, sports teams and arenas, events, and some of the nation’s largest corporations and federal agencies – to mitigate risks and create a “return on prevention” by surfacing actionable people-sourced safety and security intelligence on some of the most critical types of risks facing organizations today. These include workplace violence, insider threats, workplace injuries, malfeasance, sexual harassment, cyber threats and others.