Family Zone: Family Zone raises $42M to acquire Qustodio

Cyber safety platform Family Zone (ASX:FZO) recently raised $42 million through a two-tranche placement of new shares at $0.34 each. Founded by Tim Levy in 2014, Family Zone develops cyber security tools for parents and schools to protect children from digital harm. Family Zone was listed on the ASX in 2016, in a $6 million initial public offering. The bringing together of Qustodio and Family Zone will be seen in time as a turning point in online safety globally. Tim Levy, Family Zone founder and managing directorQustodio was co-founded by Eduardo Cruz, Jose Gaspar and Joshua Gabel in Barcelona.