M&A Deal Summary

Life360 Acquires Jiobit

On April 26, 2021, Life360 acquired technology hardware company Jiobit for 55M USD

Acquisition Highlights
  • This is Life360’s 1st transaction in the Technology Hardware sector.
  • This is Life360’s 2nd largest (disclosed) transaction.
  • This is Life360’s 7th transaction in the United States.
  • This is Life360’s 1st transaction in Illinois.

M&A Deal Summary
Date 2021-04-26
Target Jiobit
Sector Technology Hardware
Buyer(s) Life360
Deal Type Add-on Acquisition
Deal Value 55M USD

Target

Jiobit

Chicago, Illinois, United States
Jiobit is a provider of wearable location devices for young children, pets, and seniors. With a smart tag and smartphone app, parents can find their kids anywhere: Indoors, outdoors, in over 150 countries, and even in multi-level buildings. Jiobit was founded in 2015 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Life360

San Mateo, California, United States
Category Company
Founded 2007
Sector Software
Employees383
Revenue 304M AUD (2023)
DESCRIPTION

Life360 is a location and communication app for families available for Android and the iPhone. Using location-based technology, Life360 enables families to share their locations, know when someone needs help and communicate easily with in-app messaging. The app operates in a convenient and secure way that does not interfere with busy schedules or personal freedom. Life360 was founded in 2007 and is based in San Mateo, California.

DEAL STATS #
Overall 7 of 8
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 7 of 8
State (Illinois) 1 of 1
Country (United States) 7 of 8
Year (2021) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-06 ZenScreen

United States

ZenScreen is a cross-platform app and browser extension that pairs artificial intelligence with research-backed best practices to use AI for good – monitoring app usage, suggesting breaks, and intelligently restricting access to apps in the evenings and early mornings.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-22 Tile

San Mateo, California, United States

Tile is a cloud-based finding platform that helps people find the things that matter to them most. In addition to devices in multiple form factors for every use case, Tile works with over 40 partner products leveraging its finding technology across audio, travel, wearables, and PC categories. Tile is based in San Mateo, California.

Buy $205M
Mergr

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