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Radar Raises $55 Million Series C To Drive Next-Gen Location-Aware Customer Experiences

Feb 08, 2022•over 3 years ago

Amount Raised

$55 Million

Round Type

series c

Brooklyn

Description

Radar, the leading geofencing platform, today announced that it has raised $55 million in Series C funding with a $365 million valuation. The round was led by New-York based global venture capital and private equity firm Insight Partners, with participation from existing investors including Accel, Two Sigma Ventures, and Heavybit—bringing the company’s total funding to $85.5 million. New capital will be used to rapidly scale and extend Radar’s market lead through expansion of existing and new building blocks for the platform, growth of the Radar team, and increased impact in key verticals, such as retail, quick-service restaurants, logistics, travel, hospitality and entertainment.

Company Information

Company

Radar

Location

Brooklyn, New York, United States

About

At a time when customer service has never been more important, the company helps brands deliver cutting-edge, location-aware experiences that bridge the digital and physical divide in today’s world. Radar was founded to give modern product and digital teams the foundational tools they need to build location-aware digital experiences, all while setting a high standard for privacy practices. Over the last year, Radar has introduced new product features to meet the moment, including Trips for curbside pickup and delivery tracking, Beacons for Bluetooth beacon detection, and a redesigned dashboard and developer documentation. Today, Radar enables leading enterprises, such as Panera, American Eagle Outfitters and T-Mobile, as well as cutting-edge startups, such as Afterpay and Sleeper, to integrate location into their mobile apps.

FundzWatch™ Score

Medium Activity

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech