Locaid Raises $4.05 Million

Posted Jun 12, 2013

Locaid is a location API company that has raised $4.05 million in a new round of funding, according to VentureBeat.  Investors in this round include InterSouth Partners, H.I.G. Ventures, Florida Growth Fund, and several others.

Known as a Location-as-a-Service (LaaS) startup, Locaid offers location-based API services for enterprise and business clients.  These APIs can be used for marketing, advertising, asset protection, device tracking etc.

Locaid’s services are utilized across 415 million mobile devices.  Locaid’s clients include AT&T, Sprint, T-Mobile, Verizon, Cricket, Boost Mobile, etc.

Based in San Francisco, Locaid was founded in 2005.  The company has raised a total of $30.25 million thus far.