UnaliWear Obtains $3,400,000 Seed Round

  • Feed Type
  • Date
    3/2/2016
  • Company Name
    UnaliWear
  • Mailing Address
    Undisclosed Austin, TX 78703 USA
  • Company Description
    Focus groups have called UnaliWear OnStar for People because we provide discreet support for falls, medication reminders, and a guard against wandering in a classically-styled watch that features an easy-to-use speech interface rather than buttons. Unlike traditional medical alert products, we work wherever you are, 24×7 – and unlike Apple Watch or Samsung Gear, we don’t require a smart phone.
  • Website
    http://www.unaliwear.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $3,400,000
  • Transaction Round
    Seed
  • Proceeds Purposes
    The company intends to use the funds for beta test preparation of UnaliWear’s Kanega watch, which is the wearable part of a Personal Emergency Response System (PERS) that delivers independence with dignity for independent but vulnerable populations.
  • M&A Terms
  • Venture Investor
    Maxim Ventures
  • Venture Investor
    Undisclosed

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