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Radius Networks and ICX Media top Washington's recent funding news

Hoodline logo Hoodline 8/20/2019 Hoodline
a person holding a camera: Photo: ICX Media/ Facebook © Photo: ICX Media/Facebook Photo: ICX Media/ Facebook

Washington-based hardware company Radius Networks has secured $15 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Aug. 11 and led by Core Capital Partners.

According to its Crunchbase profile, "Radius Networks is the leading provider of mobile proximity technologies used by app developers, major retailers, restaurant chains, sports complexes and other brick-and-mortar operators to generate customer traffic analytics and drive innovative customer engagements."

The eight-year-old company has raised four previous funding rounds, including a $2 million debt financing round in 2015.

Over the past year, four Washington-based hardware companies have secured venture funding, totaling $15 million in new investment to the local industry.

In other local funding news, marketplace company ICX Media announced a $6.6 million Series B funding round on Aug. 7, financed by PJC.

According to Crunchbase, "ICX Media is an entirely new kind of media company founded by a group of digital media veterans. We have developed a revolutionary software and data platform that helps independent video content creators find their audience and make money from their videos."

Founded in 2015, the company has raised four previous rounds, including a $6.6 million Series A round in 2017.

This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.


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