SafeTrek Raises $3.2M Series Seed Preferred Round to Build Personal Safety
Summary
“This investment empowers us to grow beyond our flagship mobile application into a connected safety platform – delivering that same peace of mind through products (medical, home, automotive, fitness) used in everyday life.” SafeTrek relocated from San Diego, CA to St. Louis 18 months ago and has since achieved pivotal milestones that include: launching their connected safety platform with key integrations like Nest (acquired by Google), executing partnerships with notable institutions such as Washington University, and demonstrating impressive usage of their products with an estimated 40,000+ emergencies handled. They have unparalleled experience in growing companies, a vast network of valuable resources, and a genuine shared passion for making the world a safer place.” Cultivation Capital previously led a convertible note round in SafeTrek in March 2016. SafeTrek is the only company of its kind with technology that works everywhere in the United States, allowing users to get real-life help in the event of threats or emergencies, without requiring a 911 call or the ability to talk or text. For more information, please visit www.cultivationcapital.com New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With a long industry perspective across over 80 Seed and Series A investments, we work alongside great entrepreneurs – as active advisors, board members and partners – through every point on their success curve.