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Venture Capital News: Radius Raises $54.7M in Series C

SAN FRANCISCO, CA, Business-to-business marketing intelligence company, today announced it raised $54.7 million in Series C funding.
Radius, the business-to-business marketing intelligence company, today announced it raised $54.7 million in Series C funding.

With participation from existing investors BlueRun Ventures and Formation 8 Partners, the latest round included investments from Peter Thiel's Founders Fund, Glynn Capital Management, Slow Ventures, Western Technology Investments, and Yuan Capital, as well as former Morgan Stanley Chairman John Mack, former Microsoft Corporate Vice President Charles Songhurst, and entrepreneur Jared Leto.

No new additions were made to Radius' board of directors that includes Darian Shirazi, CEO and co-founder of Radius; Joe Lonsdale, co-founder of Palantir Technologies, Addepar, and Formation 8; Facebook founding team member Andrew McCollum; Scott Thompson, CEO of online shopping service Shoprunner and Jonathan Ebinger, General Partner at BlueRun Ventures.

'Radius is developing some of the most powerful enterprise software I've seen,' said Brian Singerman, Partner at Founders Fund. 'They have the team and the technology to fundamentally change the way businesses market themselves and engage customers.'

Radius will use the new funds to expand its engineering, data science and marketing teams.

'This funding round is nothing short of fantastic,' said Radius founder and CEO Darian Shirazi. 'The additional capital insures we have the financial bandwidth to further execute on our business plan and expand our data science initiatives.'

Hundreds of companies - including Fortune 500 leaders - now use the Radius marketing intelligence platform to analyze customer data helping them pinpoint and reach the most appropriate and lucrative business prospects.

'Enterprise software companies typically have an opportunity ceiling,' said Charles Songhurst, who led corporate strategy at Microsoft. 'Radius is one of the very few companies I've seen that's building a foundation for the future of business information.'

Formation 8's founding partner Lonsdale added: 'Radius is building a team of the best and brightest and is using lessons from Silicon Valley technology and data science to create extraordinary value for their customers. They're growing very quickly and have shown they have what it takes to delight clients in new ways and to be the emerging leader in a giant market - it's amazing how far they've come since we invested just a year ago.'

To learn more about Radius' mission and software, read CEO Darian Shirazi's official announcement.

About Radius

Fueled by data science, Radius' real-time marketing intelligence platform empowers marketers to better understand their customers and grow their businesses.

Hundreds of marketers-including Fortune 500 leaders- use Radius' cloud-based software to deliver the insights and data they need to make scientific marketing decisions. Customers connect their CRM to the Radius Index, a proprietary machine-generated data set of 20+ million US businesses, to reveal real-time analytics on their customers, identify their best prospects, run laser-targeted campaigns, and measure marketing performance.

See what the power of data science can do for your business at
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