# VodaSafe

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

- Industry: Electronics
- Headquarters: Vancouver, Canada
- Website: www.vodasafe.ca
- Total disclosed funding: $1.4M
- Latest round: Seed (Jul 30, 2020)
- Investors on record: 3

## About

VodaSafe Inc. is a technology company specializing in advanced rescue sonar solutions, particularly designed to assist water rescue teams in locating drowning victims swiftly and efficiently.Founded in 2014 and headquartered in Vancouver, Canada, VodaSafe Inc. focuses on developing innovative sonar devices for emergency services. Carlyn Loncaric serves as both the founder and CEO, leading the firm through its early growth phases. The company raised USD 1.4 mn in Seed funding in July 2020, with Vanedge Capital acting as the lead investor alongside BDC Capital and Creative Destruction Lab. This funding has allowed the company to enhance its product offerings and market reach.VodaSafe Inc. specializes in advanced rescue sonar technology, notably its flagship product, the AquaEye Pro. This handheld sonar device is engineered specifically for water rescue teams, utilizing machine learning to enhance sonar interpretation and accurately locate drowning victims with rapid precision. The AquaEye Pro enables first responders to commence searches immediately upon arrival at the scene by simply placing the device in the water, significantly reducing search times by up to 90%. Additional offerings include AquaEye Lite and various training and demonstration services, all aimed at enhancing the efficiency and safety of water rescues. AquaEye products serve a diverse clientele that includes fire rescue teams, law enforcement agencies, and search and rescue organizations across numerous global markets, including North America, Europe, and Asia.VodaSafe Inc. generates revenue primarily through direct sales of its sonar devices and associated training programs to emergency services and rescue agencies. Transactions typically occur on a business-to-business basis, where clients purchase AquaEye Pro units for immediate deployment in water rescue scenarios. The pricing structure for AquaEye products is designed to accommodate various municipal budgets and operational needs, with potential subscription models for ongoing training and support services. The company maintains a strong focus on partnerships with government agencies and rescue organizations, facilitating swift access to their technology in high-demand situations.VodaSafe Inc. aims to leverage the USD 1.4 mn raised in its Seed funding round to design and launch upcoming products that enhance their sonar technology further. The company is strategically planning to expand its reach into new geographic regions, particularly targeting growing markets in Europe and Asia, aiming for market entry by 2023. The funding will also support the development and marketing of additional product lines, which will cater to the needs of emergency services globally.

## Funding rounds

- Seed, Jul 30, 2020, $1.4M — BDC Capital, Vanedge Capital, Creative Destruction Lab

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Seed
- Vanedge Capital (https://capitalatlas.ai/funds/vanedge-capital) — Seed
- Creative Destruction Lab (https://capitalatlas.ai/funds/creative-destruction-lab) — Seed