Sunday, April 26, 2015

$8M more for Lifeshield wireless alarms

Mike DiPiano's Newspring helps bring Yardely wireless-alarm firm's VC to $20M as it challenges Tyco and other home-security leaders

$8M more for Lifeshield wireless alarms

LifeShield Security, the Yardley-based home-alarm-system startup/rollup that's trying to do a wireless end-run against neighbor Tyco and other industry giants, said last week it's raised another $8 million in venture capital, raising the total since 2009 to $20 million.

Investors include Mike DiPiano's Radnor-based Newspring Capital, Associated Group, Mike Bolton's Wayne-based Novitas Capital, Centerpoint Ventures, Chris Fralic's and Josh Kopelman's West Conshohocken-based First Round Capital, MHS Capital, and CEO Mike Hagan, who previously ran Nutri/System. Statement here.

About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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