Gabb Wi-fi Raises $14M in Sequence A Funding Led by Sandlot Companions and Taysom Hill
Gabb Wi-fi set itself aside from the group in 2018 when Founder and CEO, Stephen Dalby stated, “sufficient is sufficient,” and commenced his journey to offer the one secure phones-for-kids.
LEHI, UTAH – APRIL 20, 2021
Dave Jensen, Managing Associate of Sandlot Companions, introduced at this time that, “Sandlot Companions is investing and partnering with Gabb Wi-fi not solely due to its spectacular development and positioning to guide the $30 billion smartphones-for-kids market — but in addition as a result of it’s offering options to deal with the numerous display time habit drawback in our society.”
Gabb Wi-fi™ is the primary of its form — an organization decided to guard youngsters by offering a secure mobile community for teenagers and their telephones. Gabb created the one secure phones-for-kids serving this under-served demographic. Gabb introduced this week that it closed a $14 million spherical of Sequence A, led by Sandlot Companions and New Orleans Saints quarterback, Taysom Hill.
“As an investor, Gabb checked all of the packing containers with its spectacular development, founding group and whole addressable market. Nevertheless it’s a lot greater than that for me. It’s the emotional aspect of the funding. I like the concept that we may also help construct one thing to assist save youngsters in an space with a lot want and demand. My spouse Emily and I attempt to be fairly selective of who we tie our model to — and when contemplating the possibility to take a position and accomplice with Gabb, it was a no brainer for us and one thing that we’re extraordinarily enthusiastic about,” stated Saints quarterback, Taysom Hill.
Stephen Dalby, Gabb Founder & CEO, introduced the partnership with Sandlot Companions and Taysom Hill.
“We’re excited to announce our partnership with Sandlot Companions and Taysom Hill, who share our ardour for driving affect and offering options to the rising display habit amongst adolescents.”
“Sandlot has a robust monitor document of fueling development and including worth to their portfolio corporations. Taysom’s accomplishments as a BYU and Saints quarterback are nicely documented, and he’s additionally very spectacular off the sphere and can be an ideal model ambassador for the youthful demographic Gabb is focusing on.”
Youngsters must be protected — and Gabb resolved on an motion to do exactly that. Gabb set itself aside from the group in 2018 with a steadfast objective to get secure, efficient telephones into the arms of oldsters who wish to defend their youngsters from inappropriate content material and disturbing practices on social media and video games, and different screen-time points on the web.
For a while, it’s been identified that social media is affecting our youth with cyberbullying and different societal ills. The typical youngster or pre-teen spends about 4 to seven hours a day of display time. This disproportionate period of time in entrance of a display has precipitated despair, nervousness, and even sexual abuse amongst younger adolescents.
Gabb stated, “sufficient is sufficient,” and commenced its journey as a cellular digital community operator, creating the most secure know-how obtainable for youngsters at this time. Gabb provides age-appropriate merchandise to present youngsters the liberty to discover and their mother or father’s peace of thoughts. Youngsters can take pleasure in their first telephone expertise with the inexpensive, $100 telephone that protects them from web risks. Be taught extra at www.gabbwireless.com.
Gabb has had an unprecedented 12 months of 471% development and can use the proceeds from the Sequence A financing to speed up efforts to offer secure telephones for teenagers and broaden its product strains — rising Gabb’s whole addressable market with these secure options for fogeys of youngsters ages 5 to fifteen.
Sandlot Companions is an unbiased personal funding agency partnering with noteworthy administration house owners and founders. Sandlot Companions assist maximize the expansion potential of companies by offering corporations with development capital, strategic steering, and partial liquidity. Sandlot leverages its community of founders and operators, identifies development alternatives, helps construction, and provides further sturdy risk-adjusted personal funding alternatives. Sandlot buyers additionally embrace household workplaces, strategic people, and like-minded establishments in search of sturdy alignment and offering affected person capital.