Sunday, August 2, 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.

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PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

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