Life360 aquires item-recovery service Foundog
Summary
Life360, an online platform of safety and security widgets you can use to protect your family, today announced it has acquired item-recovery service Foundog for an undisclosed amount. The Foundog acquisition plays into the company’s Lost & Found widget, which offers customers the option of marking their important items, mostly technology-based like a cell phone or laptop. The company does have several competitors spanning different industries, including PhoneHalo, an automated loss-prevention system, which recently launched at DEMO and notifies you when your valuables are left behind or stolen. It was also part of the first class of fbFundREV, an incubator program supported by Facebook, Accel Partners, and Founders Fund. LaunchCapital, Seraph Group, Founders Fund and angel investor Mark Goines contributed.