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Locaid Closes $4 Million in New Funding

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FinovateFall 2012 alum Locaid just completed a $4.05 million Series D funding round according to VentureBeat.

Participating in the round were InterSouth Partners, H.I.G. Ventures, and Florida Growth Fund, as well as additional investors. The new funding puts Locaid’s total at just north of $30 million.

Founded in 2005, and now with offices in both Boca Raton and San Francisco, Locaid specializes in Location-as-a-Service (LaaS) solutions ranging from IP and Landline location to geofencing and location analytics.
Locaid’s “footprint” extends to more than 4 billion connected devices worldwide, including more than 400 million mobile devices. The company is also the largest location gateway for major carriers such as AT&T, Sprint, and Verizon. Locaid made headlines earlier this month with the release of its Compliance API.
To see Locaid’s FinovateFall 2012 presentation, visit the company’s demo page here.