LoginRadius secures $1.3M financing
LoginRadius, a unified social login and sharing provider, has raised $1.3 million in financing from Accelerate Fund, Yaletown Venture Partners, Real Ventures, BDC Capital and several Angel investors.
LoginRadius is a Software as a Service (SaaS) offering social login and sharing to web and mobile applications. It provides service through LoginRadius’ Unified Social API that combines APIs of 30 major social platforms including Facebook, Google Plus, Twitter, LinkedIn, etc. into a dashboard-driven and maintenance-free social login and sharing platform.
Edmonton, Alberta based LoginRadius currently powers social login and sharing on 100,000 websites in 180 countries with monthly reach of 15 million users.
“LoginRadius’ goal is to help businesses engage and understand their users by simplifying how users connect to the web,” said Rakesh Soni, co-founder & CEO of LoginRadius. “This financing gives us additional resources for rapid growth and product innovation so that we can continue to transform the way users connect to the web and mobile applications.”
“What we’re doing with LoginRadius not only makes it easier for businesses to integrate their websites and mobile apps with social media, but also lets them effortlessly scale up as their user base grows,” said Deepak Gupta, co-founder and CTO of LoginRadius. “Our easy-to-use plug and play solutions free developers from having to worry about developing and maintaining all social integrations, so that they can focus their attention on more critical things such as their core product.”
“We saw a clear funnel of interested prospects quickly converting to customers once they fully understood the simplicity of the system and the ancillary benefits of adopting the LoginRadius solution,” said Martin Vetter, Senior Investment Manager, AVAC Ltd. “The LoginRadius team has done an excellent job of building a great social login and sharing platform and providing the market with a very efficient financial model. This is The Accelerate Fund’s sixth investment since inception, and we’re pleased to add LoginRadius to our portfolio.”
Founded in 2011, LoginRadius, a recent graduate of FounderFuel, has opened opening an office in Sunnyvale, California. The company currently has 25 employees.