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Company News Summary

Life360 Provides Market Update

29 Jun 2021  |  16:30:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Market Update

Life360 provided the market update. The company had announced creation of a Family Advisory Council that will bring together celebrities and influencers to help shape the company's product and marketing strategy. The company advised that as part of the initiative, Vanessa Bryant (wife of the late Kobe Bryant), Tony Hawk (professional skateboarder), Nicole and Michael Phelps (Olympic swimmer), Billy Perry (well-known TikTok influencer), Jada and Chris Paul (NBA All-Star) and Chip and Joanna Gaines (television personalities) are expected to invest in the company. The company also reported that the investment round, which is currently anticipated to be US$2.1 million, is being led by Bryant Stibel, and includes the aforementioned individuals alongside Stibel & company.

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