What is Location Based Technologies?
Location Based Technologies, Inc. specializes in the design, development, and sale of commercial and consumer wearable global positioning system (GPS) tracking solutions. Operating under the PocketFinder brand for consumers and the LBT brand for commercial clients, the company offers a range of devices for tracking assets, pets, vehicles, and personnel. Their solutions provide real-time location data, historical tracking, and customizable alerts for parameters such as speed and geo-zone entry/exit. The company markets its commercial products to small and midsize businesses, enterprise clients, and governmental organizations through online channels and its direct website.
How much funding has Location Based Technologies raised?
Location Based Technologies has raised a total of $71K across 1 funding round:
Debt
$71K
Debt (2021): $71K with participation from PPP
What's next for Location Based Technologies?
With the recent influx of substantial expansion capital, Location Based Technologies is poised for significant scaling. The company's strategic focus will likely involve enhancing its product offerings, expanding its market reach both domestically and internationally, and potentially investing in further technological innovation to maintain a competitive edge in the evolving GPS tracking industry. The company's current lifecycle stage, indicated by the significant Series B/C context, suggests a strong emphasis on market penetration and operational efficiency.
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