SocialRadar Raises $12.75 Million In Series A Funding
SocialRadar is a a company that has the ability to pair location technology built into smartphones with information in online profiles too. A beta version of the application is coming to the iPhone this summer and it will be followed by apps for Android and Google Glass shortly after.
SocialRadar has raised $12.75 million in Series A funding from NEA, Grotech Ventures, Steve Case, Ted Leonsis, Dave Morin, Mark Ein, Roger Novak, Jack Biddle, Tom Davidson, Kevin Colleran, and several other investors. SocialRadar was founded by former Blackboard CEO Michael Chasen.
SocialRadar has 10 full-time employees and their office is located in the same office space where Blackboard had their first official space over 10 years ago. Chasen co-founded Blackboard at a row house in Washington D.C. in 1997. The company went public seven years later and sold to Providence Equity Partners in 2011 for $1.64 billion.
SocialRadar emphasizes not just on who is nearby, but also on how you know them. It will show you people that you work with, people you went to college with, etc. You will be able to set up custom alerts using SocialRadar so that you can track people or groups.