Edmonton's LoginRadius announced today it has secured $1.3 million in financing from a syndicate of investors including the Accelerate Fund, Yaletown Venture Partners, Real Ventures, and BDC Capital.
A recent graduate of Montreal's FounderFuel startup accelerator the company also announced it is currently powering social login and sharing on 100,000 websites in 180 countries with monthly reach of 15 million users.
“LoginRadius’ goal is to help businesses engage and understand their users by simplifying how users connect to the web” said Rakesh Soni, Co-founder & CEO of LoginRadius. “This financing gives us additional resources for rapid growth and product innovation so that we can continue to transform the way users connect to the web and mobile applications.”
LoginRadius has combined the world’s 30 major social networks including Facebook, Google Plus, Twitter, LinkedIn, etc. into a dashboard-driven and maintenance-free social login and sharing platform. It simplifies the social login implementation for experienced and less experienced developers alike saving over 95% of implementation and maintenance cost for the businesses.
“What we’re doing with LoginRadius not only makes it easier for businesses to integrate their websites and mobile apps with social media, but also lets them effortlessly scale up as their user base grows” said Deepak Gupta, Co-founder and CTO of LoginRadius. “Our easy-to-use plug and play solutions free developers from having to worry about developing and maintaining all social integrations, so that they can focus their attention on more critical things such as their core product.”
LoginRadius also announced the opening of their offices in Sunnyvale, California.