Tech Company Financing Transactions
UnaliWear Funding Round
UnaliWear, based in Austin, scored $3.4 million from Maxim Ventures and private investors.
Transaction Overview
Company Name
Announced On
3/2/2016
Transaction Type
Venture Equity
Amount
$3,400,000
Round
Seed
Investors
Maxim Ventures (Lead Investor)
Proceeds Purpose
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.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
Undisclosed
Austin, TX 78703
USA
Austin, TX 78703
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jean Anne Booth
Co-Founder
Brian Kircher
VP - Engineering
Sajjad Ahmed
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