About Wearsafe
Wearsafe is a company based in Hartford (United States) founded in 2014 by David Benoit and Phill Giancarlo. It operates as a B2C. Wearsafe has raised $25.52 million across 5 funding rounds. The company has 7 employees as of December 31, 2022. Wearsafe operates in a competitive market with competitors including Jiobit, XY Labs, Track Group, TickTalk and Silent Beacon, among others.
- Headquarter Hartford, United States
- Employees 7 as on 31 Dec, 2022
- Founders David Benoit, Phill Giancarlo
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Sectors
Industrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Wearsafe Labs Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25.52 M (USD)
in 5 rounds
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Latest Funding Round
$16.21 M (USD), Series B
Nov 09, 2022
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Investors
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Employee Count
7
as on Dec 31, 2022
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Funding Insights of Wearsafe
Wearsafe has successfully raised a total of $25.52M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $16.21 million completed in November 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 — $16.2M
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First Round
First Round
(28 Jan 2016)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series B - Wearsafe | Valuation |
investors |
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| Jun, 2018 | Amount | Series A - Wearsafe | Valuation |
investors |
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| Sep, 2017 | Amount | Series A - Wearsafe | Valuation |
investors |
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| 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 |
Investments & Acquisitions by Wearsafe
| 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 |
Financial Statements - Wearsafe
| 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 |
Wearsafe Comparisons
Competitors of Wearsafe
Wearsafe 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 Jiobit, XY Labs, Track Group, TickTalk and Silent Beacon, 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.
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wearsafe
Frequently Asked Questions about Wearsafe
When was Wearsafe founded?
Wearsafe was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Wearsafe located?
Wearsafe is headquartered in Hartford, United States. It is registered at Hartford, Connecticut, United States.
Is Wearsafe a funded company?
Wearsafe is a funded company, having raised a total of $25.52M across 5 funding rounds to date. The company's 1st funding round was a Series A of $2.59M, raised on Jan 28, 2016.
How many employees does Wearsafe have?
As of Dec 31, 2022, the latest employee count at Wearsafe is 7.
What does Wearsafe do?
Wearsafe operates a direct-to-consumer brand of safety wearables, focusing on producing consumer products, developing wearables, safety products, and personal safety devices. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Wearsafe?
Wearsafe's top competitors include Track Group, Jiobit and XY Labs.
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