# Radius Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/radius-networks

- Industry: Software
- Headquarters: Washington, US
- Website: www.radiusnetworks.com
- Total disclosed funding: $17M
- Latest round: Series A (Aug 9, 2019)
- Investors on record: 4

## About

Radius Networks, Inc. is a technology company focused on delivering proximity-based services through its innovative platform, Flybuy, enhancing operational efficiency for retailers and service providers across various sectors.Founded in 2011 and headquartered in Washington, US, Radius Networks, Inc. specializes in omnichannel location technology solutions. The company has engaged in five significant investment deals, with the most recent funding round being a Series A in August 2019, raising USD 15 mn led by Core Capital Partners, Contour Venture Partners, and Pendrell Corporation. The founders include David Steinberg, David Vaughan, Joseph Grajewski, and Marc Wallace, with Marc Wallace currently serving as CEO.Flybuy by Radius Networks provides an omnichannel location platform designed to improve customer experience in retail and service environments. The platform offers solutions such as mobile order pickup, curbside delivery, and in-store navigation, catering to a variety of clients including quick-service restaurants, grocery stores, and traditional retailers across North America and select international markets.Revenue is generated through a subscription-based model, where clients pay a standardized fee for access to location-based services, tailored to various tiers based on transaction volumes. The structure supports B2B partnerships and direct consumer engagement, particularly for services like mobile order pickup and curbside delivery, though specific pricing plans are not disclosed.With the recent Series A funding of USD 15 mn raised in August 2019, Radius Networks, Inc. is focused on expanding its product offerings and market reach. Plans include the launch of new features related to its Flybuy platform to enhance location services, with specific new product details and release dates to be announced. The company aims to target further geographic expansion into additional North American markets and select international regions, leveraging its recent funding to support this growth initiative.

## Funding rounds

- Series A, Aug 9, 2019, $15M — Contour Venture Partners, Core Capital Partners, Pendrell Corporation
- Series C, Feb 18, 2015, $2M — Core Capital Partners, Trilogy International Partners, Contour Venture Partners

## Investors

- Core Capital Partners — Series C, Series A
- Trilogy International Partners (https://capitalatlas.ai/funds/trilogy-international-partners) — Series C
- Contour Venture Partners (https://capitalatlas.ai/funds/contour-venture-partners) — Series C, Series A
- Pendrell Corporation — Series A