Red Line Safety
About this raise
Red Line Safety, with a valuation of $12 million, is raising funds on Wefunder. The company is developing cutting-edge wearable technology and real-time monitoring to transform firefighter safety. Red Line Safety aims to track health, location, and environmental threats to reduce firefighter risks and enable seamless communication in remote areas with its deployable LoRaWAN mesh networks. Scott Holman and David McGillicuddy founded Red Line Safety in September 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used to finish MVP and fund marketing, engineering, testing, patents, insurance, and accounting.
Investment Overview
Committed : $79,050
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 12/18/2024
- Close Date
- 06/30/2025
$50,000
$124,000
$100
SAFE
Early Stage
RegCF
$10,800,000
$12,000,000
20%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Security, Cybersecurity, & Defense
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
-
$32,650
as of FY2023
- Monthly Burn
-
$2,500
as of Dec '24
-
Runway
-
1.6 months
as of Dec '24
- Gross Margin
-
33%
as of FY2023
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $250,000
- Grants
- $150,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/30/2025 | Wefunder | $12,000,000 | $79,050 | SAFE | Active | RegCF |