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NEA Co-leads $12.75m Series A Funding for SocialRadar

06/19/2013

Also participating in the round are angel investors and technology leaders, including: Steve Case, co-Founder of America Online and Ted Leonsis, Owner & CEO of Monumental Sports & Entertainment, who both participated in the financing as angel investors; Dave Morin, co-Founder and CEO of Path; Kevin Colleran, Venture Partner at General Catalyst Partners and one of the first ten employees of Facebook; Steven Gruber, Managing Partner of Oak Hill Capital Partners; Mark Ein, CEO of Venturehouse Group and Owner of the Washington Kastles; Roger Novak and Jack Biddle, Founders of Novak Biddle Venture Partners; Matthew Pittinsky, CEO of Parchment and co-Founder of Blackboard; Tom Davidson, CEO of EverFi; Dan Cane, CEO of Modernizing Medicine; Andrew Rosen, General Manager of Education Technology at The Advisory Board; Peter Corbett, CEO of iStrategyLabs; Dan Mindus and NextGen Angels, a DC-area angel investor group; and a number of other individual investors and market leaders.

"SocialRadar is on the cutting edge of developing social location-based technology.  Today over 1.1 billion people have smartphone devices that can broadcast their locations, and over 2.8 billion people have social profiles online.  In the future, technology will inevitably combine the smartphone's location with the power of social networks enabling users to walk into a room and be aware of the people and connections around them.  SocialRadar is developing that technology today for the iPhone, Android and Google Glass," said Michael Chasen, the President & CEO of SocialRadar.  "I could not be happier that some of the leading venture capitalists and technology experts have come together to invest in this vision."

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