4light raised EUR 210k in new capital to launch a fully waterproof backpack.
4light AB, a Stockholm, Sweden-based company manufacturing smart safety products, announced closing a EUR 210k ($248k) investment round.
The money comes from undisclosed investors and will be used to launch a new product in the market, FireDry, which is a bigger and fully waterproof backpack. FireDry sales are planned to start in February 2018 backed by a Kickstarter campaign with the same aim, named Brilliant Safety Backpack.
4light AB, launched in 2014 and led by CEO Tezha Mohajeri, developed a range of products are can be used for safety in dark and hazardous environments.
According to the company, 4light is still in the market for an additional EUR 1,000,000 investment from external investors.