# Jio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/jio

- Industry: Consumer Products
- Headquarters: Chicago, US
- Website: www.jiobit.com
- Total disclosed funding: $4.2M
- Latest round: Seed (Mar 1, 2020)
- Investors on record: 12

## About

Based in Chicago, US, and founded in 2015 by John Renaldi and Roger Ady, Jio, Inc., doing business as Jiobit, is a developer and manufacturer of a wearable location tracking device intended for use by families with kids, pets, or seniors. In November 2021, Jio, Inc. was acquired by the San Francisco-based firm, Life360, Inc for USD 37 million. As of December 2021, the company is being led by John Renaldi, as its CEO, and has 25 employees.

Jio, Inc. designs, manufactures and sells the Jiobit Smart Tag, a wearable location tracking gadget that helps families and people keep track of their loved ones, such as children, elders, and pets. The device uses LPWA (low-power, wide-area) wireless network, Bluetooth, Wi-Fi (Wireless Fidelity), cellular, and GPS technologies for precise tracking and monitoring in low-signal areas and dead zones such as high-rise buildings, stores, and schools.
The company's device includes various built-in features such as real-time tracking, custom geofencing, and smart alerts, location timeline, alert button, first-responders on-call mode, and proximity wander alert, among others. These features, when combined with the firm’s mobile application, the Jiobit app, ensure total safety for customers' loved ones.

## Funding rounds

- Seed, Mar 1, 2020 — Dipalo Ventures
- Seed, Jan 26, 2017, $3M — Projector Ventures, Bridge Investments, Math Venture Partners, New Stack Ventures, Wakestream Ventures, Graphene Ventures, Sandalphon Capital, Inflection Ventures, Nameless Ventures, Harvard Business School Angels Chicago
- Seed, Jun 27, 2016, $1.2M — Techstars, Sandalphon Capital, Harvard Business School Angels Chicago

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Sandalphon Capital (https://capitalatlas.ai/funds/sandalphon-capital) — Seed
- Harvard Business School Angels Chicago — Seed
- Projector Ventures — Seed
- Bridge Investments (https://capitalatlas.ai/funds/bridge-investments) — Seed
- Math Venture Partners (https://capitalatlas.ai/funds/math-venture-partners) — Seed
- New Stack Ventures (https://capitalatlas.ai/funds/new-stack-ventures) — Seed
- Wakestream Ventures (https://capitalatlas.ai/funds/wakestream-ventures) — Seed
- Graphene Ventures (https://capitalatlas.ai/funds/graphene-ventures) — Seed
- Inflection Ventures — Seed
- Nameless Ventures (https://capitalatlas.ai/funds/nameless-ventures) — Seed
- Dipalo Ventures (https://capitalatlas.ai/funds/dipalo-ventures) — Seed