RapidDeploy is a South African emergency management platform that has raised equity financing from Nedbank CIB. The division of corporate and investment banking of the Nedbank Group in South Africa, one of the largest banks, has been established.
Steven Raucher, Brett Meyerowitz and Brett Meyerowitz founded the company. RapidDeploy if is an open, integrated platform that transforms first responder communications centers of any size into data-centric organizations.
The platform seamlessly integrates third-party data to provide situational awareness and faster response times. It also makes it possible for first responders and telecommunicators to access the data when they need it.
RapidDeploy, which moved its headquarters and main focus to Austin in Texas, USA, has now partnered with nine states as well as numerous emergency communications centers. However, a portion of RapidDeploy’s engineering and product teams remain based in South Africa. It has secured South African investors through Nedbank CIB. To expand its technology, the company is currently seeking additional investment from international firms.
“We are honoured that Nedbank has chosen to invest in RapidDeploy,” said Raucher. “As our first South African institutional investor, Nedbank ensures our continued investment in our teams in South Africa and enables us to expand and grow.”
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.
Van Zyl said the investment in RapidDeploy was in keeping with Nedbank’s venture capital mandate to invest in, and partner with, disruptive, category-defining technology companies.
“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.