Radius, a San Francisco, CA-based provider of a data technology company platform for B2B marketers to find customers, raised $13m in financing.
The round was led by Formation8 Partners, with participation from previous investors BlueRun Ventures and CEO and co-founder Darian Shirazi. In conjunction with the funding, Formation8 Founding Partner Joe Lonsdale will join Radius’s board of directors.
The company intends to use the funds to grow its data and technology team, expand beyond the thousands of sources it currently indexes, and to build out its sales organization.
Led by Shirazi, Radius provides marketers with tools to segment and identify ideal SMB customers from amongst 27 million U.S. business records.
Investors in the company included American Express Ventures, BlueRun Ventures, BBVA Ventures (read here), Stanford University, and Western Technology Investments.