Core Capital, Contour Ventures and Trilogy Partners Lead Investment in Beacon and Proximity Solution Provider Radius Networks to Accelerate Product Development and Deployment Capabilities
WASHINGTON, DC Feb. 18, 2015 — Radius Networks, Inc., the leading provider of mobile proximity beacon services, today announced the completion of a $6.5 million Series Seed C financing round. It was co-led by Core Capital Partners of Washington, DC, Contour Venture Partners of New York City, and Trilogy Partners of Bellevue, Washington.
This round, a third in a series of seed financings, brings the company’s total initial funding to $8.4 million. The round included a $4.5M conversion of debt financing for the acquisition of mobile content management company 4DK in April 2014. Tim Donahue, Former CEO of Sprint-Nextel, joined the Radius Networks Board as part of the 4DK acquisition. Continue reading