Gabb Wi-fi Raises $14M in Collection 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 supply the one secure phones-for-kids.
LEHI, UTAH – APRIL 20, 2021
Dave Jensen, Managing Associate of Sandlot Companions, introduced right now that, “Sandlot Companions is investing and partnering with Gabb Wi-fi not solely due to its spectacular development and positioning to steer 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 dependancy downside in our society.”
Gabb Wi-fi is the primary of its sort — an organization decided to guard youngsters by offering a secure mobile community for youths 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 Collection A, led by Sandlot Companions and New Orleans Saints quarterback, Taysom Hill.
“As an investor, Gabb checked all of the containers with its spectacular development, founding staff and whole addressable market. Nevertheless it’s a lot greater than that for me. It’s the emotional facet of the funding. I like the concept we may also help construct one thing to assist save children 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 impression and offering options to the rising display dependancy amongst adolescents.”
“Sandlot has a powerful observe document of fueling development and including worth to their portfolio firms. Taysom’s accomplishments as a BYU and Saints quarterback are effectively documented, and he’s additionally very spectacular off the sphere and will probably be an awesome model ambassador for the youthful demographic Gabb is concentrating on.”
Children should be protected — and Gabb resolved on an motion to do exactly that. Gabb set itself aside from the group in 2018 with a steadfast goal to get secure, efficient telephones into the fingers of oldsters who wish to shield 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 recognized that social media is affecting our youth with cyberbullying and different societal ills. The common little one 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 brought about despair, anxiousness, and even sexual abuse amongst younger adolescents.
Gabb stated, “sufficient is sufficient,” and commenced its journey as a cell digital community operator, creating the most secure expertise accessible for youngsters right now. Gabb affords age-appropriate merchandise to offer children the liberty to discover and their father or mother’s peace of thoughts. Youngsters can take pleasure in their first telephone expertise with the reasonably priced, $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 Collection A financing to speed up efforts to supply secure telephones for youths and broaden its product strains — growing Gabb’s whole addressable market with these secure alternate options for fogeys of children ages 5 to 15.
Sandlot Companions is an unbiased personal funding agency partnering with noteworthy administration homeowners and founders. Sandlot Companions assist maximize the expansion potential of companies by offering firms with development capital, strategic steering, and partial liquidity. Sandlot leverages its community of founders and operators, identifies development alternatives, helps construction, and affords further sturdy risk-adjusted personal funding alternatives. Sandlot buyers additionally embrace household places of work, strategic people, and like-minded establishments in search of sturdy alignment and offering affected person capital.