# sfara

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

- Industry: Software
- Headquarters: Hoboken, US
- Website: www.sfara.com
- Total disclosed funding: $17M
- Latest round: Series B (Nov 18, 2021)
- Investors on record: 4

## About

Founded in 2013, and based in New Jersey, US, Sfara, Inc. operates as a technology company. The company was founded by Sascha Simon. In November 2021, sfara, Inc. raised USD 11.5 million in series B funding from returning investor Cultivation Capital, with participation from new investor Robert Bosch. As of 2022, the company’s application is available in 42 countries and 10 languages and is led by its CEO, Erik Goldman.

sfara provides an all-in-one mobile safety solution with software development kit integration for insurance companies and automotive original equipment manufacturers, called mobile on-scene FNOL (first notice of loss) that automatically notifies an entity following a vehicular collision and requires no additional hardware or action from the end-user. Bosch, Verizon, Solace, and Mobiledge are among the company's clients and the company’s platform can be used to construct mobile applications with features such as ultra-low speed detection, false positive suppression, driver detection, device compatibility, and mode of transportation, as well as technologies such as Sfara Triple-Tap® (tap option to contact help) and Triggered Training® (increases safe driving behaviors).

The company plans to use the November 2021 funding to accelerate its sales.

## Funding rounds

- Series B, Nov 18, 2021, $12M — Robert Bosch, Cultivation Capital
- Series A, Nov 13, 2014, $5M — Lerer Hippeau Ventures, Verizon Ventures

## Investors

- Lerer Hippeau Ventures — Series A
- Verizon Ventures (https://capitalatlas.ai/funds/verizon-ventures) — Series A
- Robert Bosch — Series B
- Cultivation Capital (https://capitalatlas.ai/funds/cultivation-capital) — Series B