Put app to sleep but allow it to wake up on interval?

Ok, our family uses life 360 so we can all see where we're at all the time. I like the app, except my battery life is pathetic with the app. I was wondering if there was a battery optimization app I could use that would not allow the app to wake up except maybe every 5 minutes, it wakes the app up and launches it in the background so it can update my location and then put the app back to sleep for 5 minutes. Is there such an app?