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.