LOC-AID, a Location-as-a-Service (LaaS) platform that allows mobile developers to enable any location-based service, has secured $13m in a Series C financing round.
The round was led by H.I.G. Ventures, Intersouth Partners, and the Florida Growth Fund, LLC, managed by Hamilton Lane, LLC.
LOC-AID intends to use the new capital to expand its location technology and increase its ability to connect enterprise developers to wireless customers for a wide range of location-based services including, among the others, fraud prevention, proximity marketing, asset management, presence, check-in services.
Already adopted by wireless carriers including AT&T, Verizon Wireless, Sprint, and T-Mobile. the company is currently serving corporations in financial services, media, ecommerce, web-based services, transportation, entertainment, healthcare, and government services.
Led by President and CEO Rip Gerber, LOC-AID has offices in Boca Raton, FL; San Francisco, CA; and Lima, Perù.