SOUTH AFRICA – South African emergency response platform RapidDeploy has raised equity funding from Nedbank CIB, the corporate and investment banking division of the Nedbank Group, one of the four largest banking groups in South Africa.
Founded by Steven Raucher and Brett Meyerowitz, RapidDeploy is an open and integrated response platform, transforming first responder communications centres of any size into data-centric organisations.
The platform achieves new levels of situational awareness and reduces response times by seamlessly integrating third-party data, ensuring it is available when, where, and how telecommunicators and first responders need it.
Since moving their headquarters and primary focus to Austin, Texas, in the United States, RapidDeploy has partnered with nine states and numerous local emergency communications centres.
“We are honoured that Nedbank has chosen to invest in RapidDeploy,” said Raucher.
Johann Van Zyl, head of principal and alternative investment at Nedbank CIB, the bank’s decision to invest in RapidDeploy was based on the strong alignment of the company’s innovation-led business model with Nedbank’s policy of investing in world-leading businesses and technologies that can deliver sustainable positive impact.
“At Nedbank, we recognise that there’s far more to technology than just enabling customer engagement or helping to build a business, and the fact that RapidDeploy technology is literally saving lives, means this venture capital technology investment gives good effect to our Nedbank purpose of applying our financial expertise to do good,” he said.
“As an on-balance-sheet investor, our venture capital approach is highly strategic, and we prefer to work closely with our investee companies, so we are looking forward to supporting RapidDeploy’s future growth and expansion as the opportunities present, particularly given that their success and growth will ultimately translate into even more lives saved,” he said.