What is OwnFone?
OwnFone specializes in the development of highly customizable phones and Footprint GPS trackers, primarily targeting telecare solutions. The company's innovative products are designed to serve vulnerable demographics, including the elderly and young individuals, by offering straightforward and dependable communication channels. Unlike complex modern smartphones, OwnFone devices enable users to make and receive calls exclusively from pre-programmed contacts. Complementing this, the Footprint GPS tracker provides critical safety functionalities such as an SOS button and real-time location tracking, enhancing user security and providing peace of mind to families. The core mission of OwnFone is to bolster the safety and connectivity of its user base through accessible technology.
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, an independent investment bank founded in 1995 and headquartered in Moscow, Russia, offers a comprehensive suite of financial services including investment banking and global markets.
London Business Angel
London Business Angel is an investment entity focused on backing promising ventures, likely providing early-stage capital and strategic guidance to companies within its network.
Angel CoFund
Angel CoFund is a significant UK investment fund dedicated to co-investing with angel investors in high-growth businesses, aiming to enhance capital growth and support promising entrepreneurs.
What's next for OwnFone?
The recent major strategic investment in OwnFone signals a pivotal moment for the company, likely indicating a transition towards scaling its operations and expanding its market reach. This capital infusion is expected to fuel further product development, enhance manufacturing capabilities, and bolster marketing efforts to reach a wider audience in the telecare and personal safety sectors. The company's focus on simplicity and reliability for vulnerable populations positions it favorably in a growing market segment, suggesting a trajectory aimed at solidifying its leadership in providing essential communication and safety devices.
See full OwnFone company page
