Radius Intelligence Explained

Radius Intelligence Inc.
Industry:Enterprise software (SaaS)
Company Type:Private
Founder:Darian Shirazi, Adrian Druzgalski, Noah Hayes
Foundation:2009
Defunct:2019
Fate:Acquired by Kabbage
Location City:San Francisco, California
Location Country:United States
Areas Served:United States

Radius Intelligence Inc.[1] was an American software company that provided a marketing platform for targeting small businesses.[2] The company tracked and collected information from hundreds of thousands of sources about more than 25 million small businesses in the United States.[3] [4] The company publicly stated it planned to build products that are directly competitive with Dun & Bradstreet.[5] In 2019, it was acquired by Kabbage.

History

Founded in 2009, Radius started out as purely a data company focused on aggregating location data and in April 2012 launched publicly.[6] By 2014, Radius has been funded by American Express, BlueRun Ventures, and Formation 8. The company has publicly announced three rounds of funding: $6.75 million for the seed round, $12.4 million for the Series A round,[7] and $13 million for the Series B round.[8]

On July 29, 2015, Radius announced a $50 million investment (Series C) by Founders Fund, AME Cloud Ventures, Formation 8, and Salesforce Ventures.[9] [10]

In May 2018, the company announced its intention to merge with Leadspace.[11] In September 2019, Kabbage announced that it acquired Radius.[12]

Darian Shirazi is the main founder of Radius.[13] [14] [15] [16] [17] [18] [19]

Notes and References

  1. Web site: Saunders . Jessica . September 4, 2019 . Kabbage plans to acquire small-business data platform Radius' assets . Atlanta Business Chronicle . American City Business Journals . https://archive.today/20230207014900/https://www.bizjournals.com/atlanta/news/2019/09/04/atlanta-based-kabbage-setto-acquire-small-business.html . February 7, 2023.
  2. Brent Leary "Radius Intelligence: Interview with Founder, CEO Darian Shirazi", “Small Business Trends”, May 5, 2012.
  3. Victoria Barret "Radius: How Facebook's Youngest Hire is Tackling The Local Data Problem", “Forbes”, April 24, 2012.
  4. Kate Freeman "Social Media Savvy Small Businesses [INFOGRAPHIC]’ ", “Mashable”, June 27, 2012.
  5. Cory Johnson "Radius CEO on Strategy", "Bloomberg"
  6. Kim-Mai Cutler "Fwix Becomes Radius, A Tool For Salespeople Targeting Local Businesses", "Techcrunch", April 24, 2012
  7. Humayun Khan "Radius Adds $12.4MM from American Express to Scale SMB Sales Intelligence Platform", "Betakit", January 23, 2013
  8. Yuliya Chernova "With Backing From Palantir Co-Founder, Radius Goes After Small-Business Info Goliath D&B", "The Wall Street Journal", January 9, 2014
  9. News: Facebook's first intern just landed $50 million from Peter Thiel and other investors . Yahoo Finance . Business Insider . 29 Jul 2015 . 29 Jul 2015 .
  10. Radius Closes $50MM Investment, Led By Founders Fund, To Meet Surging Demand for Predictive Platform. 29 July 2015.
  11. Web site: Here's why Radius and Leadspace decided to combine. 2018-05-01. MarTech Today. en. 2019-08-17.
  12. Web site: Kabbage acquires Radius Intelligence, the marketing tech firm with a database of 20M small businesses . 3 September 2019 .
  13. Web site: Founder of Radius Intelligence, Darian Shirazi: Sales Intelligence Comes to Small Business. Brent Leary. Small Business Trends. May 4, 2012. January 28, 2014.
  14. Web site: A Facebook Alum Builds an Intelligent Sales Platform. Jason Ankeny. Entrepreneur. 20 August 2013. January 28, 2014.
  15. Web site: Fwix Becomes Radius, A Tool For Salespeople Targeting Local Businesses. Kim-Mai Cutler. TechCrunch. April 24, 2012. January 28, 2014.
  16. Web site: Radius: How Facebook's Youngest Hire Is Tackling The Local Data Problem. Victoria Barret. Forbes. April 24, 2012. January 28, 2014.
  17. Web site: States With the Most Social Small Businesses. Kate Freeman. Mashable. June 27, 2012. January 28, 2014.
  18. Web site: A "big data" company helps small businesses target sales. Adrienne Burke. Yahoo! Small Business Advisor. January 25, 2013. January 28, 2014.
  19. Web site: Phoenix small businesses among most Web-savvy in the country. Tim Gallen. Phoenix Business Journal. April 12, 2013. January 28, 2014.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Radius Intelligence".

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