What is Radar?
Founded in 2016 by former Foursquare colleagues Nick Patrick and Coby Berman, Radar specializes in building and selling location-based products and services. The company's core mission is to establish location infrastructure for every product and service, effectively bridging the gap between digital information and the physical world. This focus positions Radar as a key player in the burgeoning location technology market, enabling businesses to leverage precise location data for enhanced user experiences and operational efficiencies.
How much funding has Radar raised?
Radar has raised a total of $85.5M across 5 funding rounds:
Unspecified
$500K
Angel/Seed
$2M
Series A
$8M
Series B
$20M
Series C
$55M
Unspecified (2017): $500K, investors not publicly disclosed
Angel/Seed (2017): $2M led by Fuel Capital, Expa, and Accel Partners
Series A (2019): $8M supported by Accel, Scott Belsky, Two Sigma Ventures, and Heavybit
Series B (2020): $20M featuring Accel
Series C (2022): $55M backed by Accel, Insight Partners, Two Sigma Investments, and Heavybit
Key Investors in Radar
Accel
Accel is a global venture capital firm that partners with exceptional teams from the inception of their ideas through all phases of private company growth. The firm focuses on supporting innovative companies and entrepreneurs.
Two Sigma Ventures
Two Sigma Ventures is an early-stage venture capital firm that invests in transformative companies leveraging information growth and computing power. The firm focuses on technology that enhances human potential, breakthrough therapies, artificial intelligence, and online safety for children.
Heavybit
Heavybit is the leading early-stage investor in enterprise infrastructure. Since 2013, they have helped launch and scale visionary technical startups, going hands-on from Day 0 to back founders as they build the future of software.
What's next for Radar?
With substantial enterprise-level funding and a recent strategic investment, Radar is poised for accelerated growth and market expansion. The company's trajectory, marked by consistent capital infusions from Seed to Series C, indicates a strong market validation and investor confidence in its vision. Future developments are likely to focus on enhancing its location infrastructure capabilities, expanding its service offerings, and solidifying its market position. This strategic financing will empower Radar to further innovate and scale its operations, meeting the increasing demand for sophisticated location-based solutions.
See full Radar company page
