This App Saves Lives is shutting down
The social impact company prioritized growth too early, founder Ryan Frankel says, and needed more time to pivot toward business customers.
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The social impact company prioritized growth too early, founder Ryan Frankel says, and needed more time to pivot toward business customers.
The award ceremony took place at the Queen Sofía Museum in Madrid. Antonio Huertas, MAPFRE CEO and President of Fundación MAPFRE said
No surprise here, but University of Pennsylvania's business school has produced a whole bunch of venture-backed companies.
The startup, which makes an app to incentivize safe driving, is raising a $1.5 million seed round and designating a third of it to be raised on SeedInvest.
It's a little sad that people need to be rewarded just for doing what they should be doing already. But, as distracted driving becomes more of a life and death problem, it's a good thing that a new app rewards people for not messing with their phone when they're behind the wheel.