Child Safety Software TicTocTrack ® Receives $1,000,000 Matched Investor Funding From QLD Government
Australian safetytech trailblazers, TicTocTrack®, have received a major matched investment from the Queensland government to the tune of $1,000,000, following the initial $1,000,000 capital raise in July 2018. With new funding from the QLD Business Development Fund (BDF), TicTocTrack® will better be able to keep Australia’s children and loved ones safe, as they continue to develop their innovative software platform and expand into new relevant markets.
As its name suggests, TicTocTrack® is an integrated tracking software platform which is accompanied by a smartwatch of the same name both platform and watch were first to market here in Australia. The software was born out of the need to keep children and young teens safe through dynamic monitoring, providing peace of mind for parents and offering a greater level of freedom for all.
“We are absolutely thrilled to receive this much needed funding for TicTocTrack! As much as it is a win for us, it is a win for all the Aussie parents who want to ensure their child’s safety and have peace of mind. The safety software market is booming, thanks to our customers realising its value in the precarious world we live in,” said Karen Cantwell, CEO & Director, iStaySafe.
This large investment will allow TicTocTrack® to further develop its proprietary software, allowing users to incorporate more devices and ensure their family can be kept safe — all from the one functional and easily navigated platform. “This new focus on safetytech from the QLD government speaks volumes and we cannot wait to put this funding to good use for our customers, ensuring frequent updates to our renowned software, new safety functions, features and especially new product lines.”
With $1,000,000 on their side, the Brisbane startup is geared to improve upon their intelligent software platform and continue discussions with leading telecommunications providers in Australia and overseas to support its expansion. The unique software platform has been deemed the next big thing in the wearable GPS technology space, not only attracting interest from the QLD government but also other tracking businesses. Queensland’s Deputy Premier and Treasurer Jackie Trad said that supporting emerging companies through the $80 million Business Development Fund (BDF) underpins the Government’s commitment to growing jobs and strengthen the State’s entrepreneurial ecosystem.
“The BDF has a unique and highly successful funding model which stands out from the crowd,” said Ms Trad. “The Fund has been successful in growing the pool of angel and venture capital funding to support the growth of innovative businesses, which in turn creates high value jobs and showcases Queensland in Australia and around the world.”
“The BDF is a key plank of our $650 million Advance Queensland strategy which supports programs that drive innovation, build on Queensland’s natural advantages, and help to raise our profile as an attractive investment destination.”
The recently enhanced in-app user experience gives parents more involvement and easier access. The new upgrade boasts additional functionality; users are now able to add either a TicTocTrack® watch or Mobile phone and subscribe to a plan that best suits their needs from within the TicTocTrack® app and can instantly activate their TicTocTrack® watch for safety around the clock.
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