Radius Networks builds a machine-learning location platform used to conduct location-based transactions between businesses and customers. Its core offerings include customer and asset location, curbside and in-store pickup, mobile loyalty and redemption, and mobile payment at the table, delivered in part via its FlyBuy® SaaS product. The company serves some of the world’s largest brands across restaurants, retail, grocery, hospitality, and gaming markets. Radius Networks’ solutions are installed in more than 30,000 locations across 45 countries. The company is led by CEO Marc Wallace. It plans to use the new funding to further invest in sales and marketing around FlyBuy. Radius Networks is a Washington, DC-based provider of mobile proximity beacon services and cloud-based proximity solutions. Its core product uses wireless device signals for proximity and presence detection to enable targeted mobile offers, integrated payments, dynamic digital signage and personalized concierge services. The company’s services are used by major retailers, restaurant chains, sports teams, arenas and other brick-and-mortar operations for business intelligence and customer engagement. Radius plans to use the new funding to accelerate growth of its proximity network and the infrastructure that supports enhanced mobile user-experience features using beacon, geofencing and other technologies. Led by Co-Founder and CEO Marc Wallace with David Steinberg as Chairman, the company completed a strategic acquisition of mobile content management company 4DK in April 2014.

Total raised

$22M

Funding rounds

2

Latest round

Series A

Latest activity

Oct 2019