About Prevent Biometrics
Prevent Biometrics is a company based in Minneapolis (United States) founded in 2015 by Steve Washburn.. Prevent Biometrics has raised $9.2 million across 5 funding rounds from investors including Phoenix Capital Ventures and Military Health. The company has 17 employees as of December 31, 2022. Prevent Biometrics has completed 1 acquisition, including X2 Biosystems. Prevent Biometrics offers products and services including Smart Mouthguard, Impact Monitoring System, and Web Portal. Prevent Biometrics operates in a competitive market with competitors including Withings, Fitbit, Whoop, iHealth Labs and Garmin International, among others.
- Headquarter Minneapolis, United States
- Employees 17 as on 31 Dec, 2022
- Founders Steve Washburn
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Sectors
TechnologyHealthcare Media & Entertainment
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Phone
*********
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Website
*********
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Social
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- Legal Name Prevent Biometrics
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.2 M (USD)
in 5 rounds
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Latest Funding Round
$5 M (USD), Series B
Feb 09, 2022
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Investors
Phoenix Capital Ventures
& 1 more
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Employee Count
17
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of Prevent Biometrics
Prevent Biometrics offers a comprehensive portfolio of products and services, including Smart Mouthguard, Impact Monitoring System, and Web Portal. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Monitors head impacts in real-time for sports safety and data collection
Records and notifies high-magnitude head impacts during activities
Provides dashboards for in-depth analysis of athlete impact data
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Funding Insights of Prevent Biometrics
Prevent Biometrics has successfully raised a total of $9.2M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $5 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $5.0M
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First Round
First Round
(24 Aug 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series B - Prevent Biometrics | Valuation | Phoenix Capital Ventures |
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| Apr, 2017 | Amount | Series A - Prevent Biometrics | Valuation |
investors |
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| Jan, 2017 | Amount | Grant - Prevent Biometrics | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Prevent Biometrics
Prevent Biometrics has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Phoenix Capital Ventures and Military Health. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on companies in sports, gaming, health, wellness, and media industries
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Founded Year | Domain | Location | |
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Administers health care and support for military personnel and operations.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Prevent Biometrics
Prevent Biometrics has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include X2 Biosystems. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Head impact monitoring systems for sports and military are developed.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Prevent Biometrics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Prevent Biometrics Comparisons
Competitors of Prevent Biometrics
Prevent Biometrics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Withings, Fitbit, Whoop, iHealth Labs and Garmin International, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Connected devices for health, sleep, and activity monitoring are developed.
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| domain | founded_year | HQ Location |
Smartwatches and fitness trackers are provided for activity monitoring.
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| domain | founded_year | HQ Location |
Provider of a smart wearable device for physical activities monitoring
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| domain | founded_year | HQ Location |
Personal healthcare devices for vital monitoring are designed and produced.
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| domain | founded_year | HQ Location |
Smart fitness trackers and watches are developed for performance monitoring.
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| domain | founded_year | HQ Location |
Wearable devices such as smartwatches and fitness trackers are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Prevent Biometrics
Frequently Asked Questions about Prevent Biometrics
When was Prevent Biometrics founded?
Prevent Biometrics was founded in 2015.
Where is Prevent Biometrics located?
Prevent Biometrics is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Who is the current CEO of Prevent Biometrics?
Steve Washburn is the current CEO of Prevent Biometrics. They have also founded this company.
Is Prevent Biometrics a funded company?
Prevent Biometrics is a funded company, having raised a total of $9.2M across 5 funding rounds to date. The company's 1st funding round was a Grant of $2.89M, raised on Aug 24, 2015.
How many employees does Prevent Biometrics have?
As of Dec 31, 2022, the latest employee count at Prevent Biometrics is 17.
What does Prevent Biometrics do?
Prevent Biometrics was founded in 2015 in Minneapolis, United States, focusing on the sports safety sector. Connected mouthguards are provided to monitor impact data, including direction, force, and location. Real-time analysis is conducted to identify potentially dangerous impacts, with alerts transmitted to coaches through a mobile application. Operations target sports such as football and rugby.
Who are the top competitors of Prevent Biometrics?
What products or services does Prevent Biometrics offer?
Prevent Biometrics offers Smart Mouthguard, Impact Monitoring System, and Web Portal.
How many acquisitions has Prevent Biometrics made?
Prevent Biometrics has made 1 acquisition, including X2 Biosystems.
Who are Prevent Biometrics's investors?
Prevent Biometrics has 2 investors. Key investors include Phoenix Capital Ventures, and Military Health.