What is OwnFone?
OwnFone is dedicated to enhancing the safety and connectivity of individuals, particularly the young, elderly, and those requiring specialized care. Their core offerings include customizable phones that facilitate calls to pre-programmed contacts and the Footprint GPS tracker, which provides essential safety features such as an SOS button and real-time location tracking. By simplifying communication and integrating robust safety mechanisms, OwnFone aims to provide peace of mind to users and their families, differentiating itself from complex modern smartphones.
How much funding has OwnFone raised?
OwnFone has raised a total of $1.2M across 1 funding round:
Unspecified
$1.2M
Unspecified (2014): $1.2M with participation from Renaissance Capital, London Business Angel, and Angel CoFund
Key Investors in OwnFone
Renaissance Capital
Renaissance Capital is an independent investment bank with a broad range of financial services, likely bringing strategic financial expertise to OwnFone's growth.
London Business Angel
London Business Angel, a UK-based angel investment network, likely provides early-stage capital and strategic guidance to companies within the United Kingdom.
Angel CoFund
Angel CoFund is a significant UK investment fund that co-invests with angel investors, aiming to support promising businesses with capital growth potential.
What's next for OwnFone?
With the recent major strategic investment, OwnFone is poised for significant expansion. The substantial capital infusion, contextualized by the 'major enterprise-level funding' descriptor, suggests the company is moving beyond its initial development stages into a scaling phase. This backing will likely fuel product innovation, market penetration, and the enhancement of their telecare solutions. The focus on strategic investment indicates a potential for deeper partnerships and a refined approach to market outreach, solidifying OwnFone's position in the safety and communication technology sector.
See full OwnFone company page
