What is Wrap Technologies?
Wrap Technologies, Inc. is a public safety technology and services company dedicated to innovating policing solutions for law enforcement and security personnel globally. Its product portfolio includes the BolaWrap 150, a remote restraint device designed for non-lethal apprehension, and Wrap Intrensic, a body-worn camera system for evidence management and transparency. The company also offers the Wrap Reality Virtual Training platform, providing immersive 3D training simulations for law enforcement. Founded in 2016 and headquartered in Miami, Florida, Wrap Technologies aims to enhance officer safety and operational effectiveness through technological advancements.
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
What's next for Wrap Technologies?
The recent major strategic investment signifies a pivotal moment for Wrap Technologies, likely enabling the company to accelerate product development, expand its market reach, and enhance its operational capabilities. This infusion of capital is expected to bolster its position in the competitive public safety technology sector, potentially leading to further innovation in areas such as digital evidence management and virtual training solutions. The company's focus on advanced restraint and evidence-gathering technologies positions it for continued growth and adoption by law enforcement agencies seeking to improve safety and accountability.
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