What is Wrap Technologies?
Wrap Technologies, Inc. specializes in developing advanced policing solutions designed for law enforcement and security professionals globally. The company's product portfolio includes the BolaWrap 150, a remote restraint device capable of entangling individuals from a distance with a kevlar tether. Additionally, Wrap Intrensic offers a body-worn camera and digital evidence management system for capturing, storing, and managing crucial evidence for criminal investigations and ensuring transparency. The company also provides the Wrap Reality Virtual Training platform, an immersive 3D training system for law enforcement utilizing VR technology and proprietary software. Founded in 2016 and headquartered in Miami, Florida, Wrap Technologies is at the forefront of integrating technology into public safety operations.
How much funding has Wrap Technologies raised?
Wrap Technologies has raised a total of $34.3M across 5 funding rounds:
Other Financing Round
$12.5M
Debt
$350K
Other Financing Round
$12.4M
Private Equity
$4.5M
Other Financing Round
$4.5M
Other Financing Round (2019): $12.5M, investors not publicly disclosed
Debt (2020): $350K led by PPP
Other Financing Round (2020): $12.4M, investors not publicly disclosed
Other Financing Round (2025): $4.5M, investors not publicly disclosed
Private Equity (2025): $4.5M, investors not publicly disclosed
Key Investors in Wrap Technologies
PPP
Public-Private Partnership
What's next for Wrap Technologies?
The substantial enterprise-level funding and recent strategic investment indicate a strong push for scaling Wrap Technologies' operations and expanding its market reach. This capital infusion is likely to fuel further research and development into advanced public safety technologies, enhance manufacturing capabilities for its restraint devices and evidence management systems, and broaden its sales and distribution networks. The company's focus on virtual training solutions also suggests a strategic move towards leveraging immersive technologies for enhanced law enforcement preparedness and operational efficiency. Investors are likely anticipating significant market penetration and adoption of Wrap Technologies' unique product suite in the global public safety sector.
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