Total amount raised
$70.2 Millions
Latest funding date
Location
Raydiant has successfully raised $50 million over multiple funding rounds, with the latest being a Series B round. The platform offers a range of solutions designed to enhance the in-location experience for industries such as retail, hospitality, and banking.
Investors backing Raydiant include notable names like 8VC, Atomic Ventures, and Mark Wahlberg Investments. Keep reading to explore the intricacies of Raydiant's fundraising journey and the investors supporting this innovative platform.
What Is Raydiant?
Raydiant, founded in 2017, is headquartered in San Francisco, California. The company operates in industries such as artificial intelligence, digital signage, information technology, and marketing. It was founded by Jack Abraham, Justin Jones, and Tuan Ho.
With an employee count ranging from 101 to 250, Raydiant is a leading in-location experience platform. The company collaborates with nearly 5,500 brands, including major names like Johnson and Johnson, Nestlé, and Unilever, to enhance brick-and-mortar operations and create engaging in-store experiences.
How Much Funding Has Raydiant Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: March 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop its initial product offerings.
- Series A
- Amount Raised: $7M
- Date: October 2019
- Lead Investors: 8VC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product development.
- Series A
- Amount Raised: $13M
- Date: January 2021
- Lead Investors: 8VC, Atomic
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the product roadmap and make strategic acquisitions.
- Series B
- Amount Raised: $25M
- Date: February 2022
- Lead Investors: 8VC, Atomic
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To innovate the AI-powered experience management platform and hire key team members.
- Debt Financing
- Amount Raised: $5M
- Date: February 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational expenses and strategic initiatives.
- Series B
- Amount Raised: $20.2M
- Date: May 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand market reach and enhance technology offerings.
Total Amount Raised: $70.2M
Current Valuation: Not publicly disclosed
Key Investors
- 8VC
- Details: 8VC is a venture capital firm that invests in early-stage and growth-stage companies. They focus on leveraging technology to solve complex problems.
- Investment Focus Areas: Technology, healthcare, logistics, financial services
- Notable Investments: Palantir, Wish, Asana
- Atomic Ventures
- Details: Atomic Ventures is a venture capital firm that builds and invests in companies from the ground up. They are known for their hands-on approach in developing startups.
- Investment Focus Areas: Technology, consumer products, healthcare
- Notable Investments: Hims & Hers, Bungalow, Homebound
- Lerer Hippeau
- Details: Lerer Hippeau is a venture capital firm that invests in early-stage companies. They have a strong focus on media and consumer brands.
- Investment Focus Areas: Early-stage tech companies, media, consumer products
- Notable Investments: BuzzFeed, Warby Parker, Casper
- Mark Wahlberg Investments
- Details: Mark Wahlberg Investments is the investment arm of actor Mark Wahlberg. The firm focuses on a variety of sectors, leveraging Mark Wahlberg's brand and influence.
- Investment Focus Areas: Entertainment, fitness, consumer products
- Notable Investments: F45 Training, Performance Inspired, Aquahydrate
- Gaingels
- Details: Gaingels is a network of investors that focuses on supporting and funding diverse and inclusive teams. They aim to promote leadership diversity in the companies they invest in.
- Investment Focus Areas: Diverse and inclusive teams across various sectors
- Notable Investments: Carta, Clubhouse, Teachable
What's Next for Raydiant?
Raydiant stands at the cusp of significant growth opportunities, driven by their innovative AI-powered experience management platform. With a recent $30 million Series B funding, the company is poised to enhance its product offerings through strategic acquisitions and expand its market presence. The potential for growth is immense, given their collaboration with nearly 4,500 brands and plans to increase their global headcount by 300% in 2022.
Future fundraising opportunities seem promising as Raydiant continues to innovate and expand. The successful Series B round and the involvement of high-profile investors suggest a strong potential for additional funding rounds to support further innovation and market expansion. However, the company may face challenges such as competition from other in-location experience management platforms and the need to continuously innovate to stay ahead in a rapidly evolving market.
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