News from Biofire

November 7, 2022: Founders Fund Leads Biofire Series A

an update from our ceo, kai kloepfer

I’m thrilled to announce that Biofire has raised $14 million in our Series A. This round represents a paradigm shift in how technology in this space is funded and developed.

Led by Founders Fund, Biofire's Series A is the first ever venture capital-led investment into a firearms technology company. 10X Capital, Gaingels, Will Manidis and existing investors Draper Associates, Structure Capital, Service Provider Capital, and Gavin de Becker & Associates, joined the round.

Firearms are a fixture of American life, an ownership tradition that has been woven into the fabric of our society since before the nation’s founding. At the same time, forty thousand Americans lose their lives to firearms each year, two-thirds of them to accidents and suicides. Firearms recently surpassed car accidents as the leading cause of death for children and teens. We can all agree that losing forty thousand people each year, especially the most vulnerable among us, is far too many.

May 11, 2022: Biofire raises $17m and emerges from stealth

an update from our ceo, kai kloepfer

I’m excited to share that Biofire is emerging from three years in stealth mode, with Axios Pro Rata and TechCrunch helping us announce that we’ve raised over $17 million in seed funding to bring our Smart Gun to market - the largest private investment in a firearm technology startup in history.

Biofire is the first to build a smart handgun from the ground up with fully integrated, instantly unlocking, state-of-the-art biometrics. Our Smart Gun instantly unlocks for users authorized by its owner, but remains locked for all others, including children.