Total amount raised
$133 Millions
Latest funding date
02/01/2021
Location
Citizen has successfully raised funds through multiple rounds, with its latest being a Series C round in January 2021. The platform offers real-time safety alerts and crisis response, enhancing personal and community safety.
Keep reading to explore the intricacies of Citizen's fundraising journey and the investors backing this innovative platform.
What Is Citizen?
Citizen, founded in 2015, is a mobile application designed to provide real-time safety alerts and incident updates. The company is headquartered in New York, New York, and aims to enhance personal and community safety through its innovative platform.
Founded by Andrew Frame, JD Maresco, and Luis Samaniego, Citizen leverages the latest 911 data to inform users about ongoing incidents. The app includes live stories, real-time updates, and user-generated content to keep users aware of their surroundings.
With a team of 51-100 employees, Citizen continues to grow and impact communities by offering instant help from crisis responders and safety tracking for friends and families. The platform's mission is to empower individuals to protect themselves and their loved ones.
How Much Funding Has Citizen Raised?
- Seed Round
- Amount Raised: $1M
- Date: October 2016
- Lead Investors: Founders Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development and initial launch of the Citizen app.
- Series A
- Amount Raised: $12M
- Date: September 2017
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the app's features and increase user acquisition.
- Series B
- Amount Raised: $47M
- Date: August 2018
- Lead Investors: 8VC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the app's real-time alert capabilities.
- Convertible Note
- Amount Raised: $23M
- Date: March 2020
- Lead Investors: Goodwater Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the app's growth and address criticisms by enhancing features and data accuracy.
- Series C
- Amount Raised: $50M
- Date: January 2021
- Lead Investors: Greycroft
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the app's user base and improve its crisis response features.
Total Amount Raised: $133M
Current Valuation: Not publicly disclosed
Key Investors
- Greycroft
- Details: Greycroft is a venture capital firm that invests in early and growth-stage companies. They have a strong presence in the technology startup ecosystem.
- Investment Focus Areas: Technology startups, consumer internet, enterprise software, financial technology.
- Notable Investments: Not publicly disclosed.
- Bossa Invest
- Details: Bossa Invest is listed as an investor in Citizen. Specific details about the firm are not provided in the sources.
- Investment Focus Areas: Not specified.
- Notable Investments: Not specified.
- Founders Fund
- Details: Founders Fund is a venture capital firm known for investing in companies that aim to change the world. They have a diverse portfolio across various industries.
- Investment Focus Areas: Technology, healthcare, aerospace, artificial intelligence, consumer internet.
- Notable Investments: SpaceX, Palantir Technologies, Airbnb.
- Sequoia Capital
- Details: Sequoia Capital is a renowned venture capital firm that partners with founders to build enduring companies. They have a global presence and a strong track record.
- Investment Focus Areas: Technology, healthcare, consumer services, financial services, energy.
- Notable Investments: Apple, Google, WhatsApp.
- 8VC
- Details: 8VC is a venture capital firm that invests in transformative technology companies. They focus on building long-term partnerships with entrepreneurs.
- Investment Focus Areas: Technology, healthcare, logistics, financial services, enterprise software.
- Notable Investments: Not publicly disclosed.
What's Next for Citizen?
Citizen's future looks promising with significant opportunities for growth. The app's recent $73 million funding round highlights investor confidence, paving the way for expanding its user base and enhancing features. Potential partnerships with local law enforcement and community safety organizations could further solidify its position in the market.
Future fundraising opportunities appear bright, with the possibility of additional venture capital rounds or even an IPO if the app continues to gain traction. However, challenges such as criticism for encouraging vigilantism and ensuring data accuracy remain. Addressing these issues will be crucial for sustained growth and investor interest.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like Citizen and gather other critical business insights. Sign up for free and start leveraging these powerful tools today.
