LoginRadius Lands $1.3 Million Round and Now Powers 15 Million Monthly Users

Posted by Techvibes NewsDesk

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.”

RELATED: Login Radius Joins Montreal's FounderFuel Accelerator for Summer 2013 Cohort

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.

Company:
Yaletown Venture Partners
Website:
http://www.yaletown.com
Location:
Vancouver, British Columbia, Canada

Based in Vancouver, British Columbia, Yaletown Venture Partners is a venture capital firm that invests time and money in seed and early-stage technology and clean-tech companies. Yaletown focuses on Western Canadas vibrant Energy Technology and Information Technology and Clean-tech clusters. Yaletown is backed by some of Canadas largest pension funds and financial institutions, all of which have a long-term... more

Company:
Real Ventures
Website:
http://www.realventures.com
Location:
Montréal, Québec, Canada

We look for inspiring entrepreneurs who exhibit unique insight and appreciation of their target market and industry. You can be first time or seasoned. If you have passion, vision and a big opportunity we want to work with you. We’ve had our successes and failures, so we should know what you’re going through and so we look for entrepreneurs who want our input and are open to this collaborative approach. We look to... more

Company:
FounderFuel
Website:
http://www.founderfuel.com
Location:
Montréal, Québec, Canada

At FounderFuel we believe startup success is more about the people than the idea. We take a lot of care in choosing the smartest and most resourceful, dedicated and passionate people we can find. Once selected to join the program, you’ll be surrounded by a few like-minded entrepreneurial teams for an 12 intense weeks. You will be developing your business within an ecosystem of experienced entrepreneurs, top... more

Company:
LoginRadius Inc
Website:
http://www.loginradius.com
Location:
Edmonton, Alberta, Canada

Boost Your Business With The Power of Social Media Using LoginRadius, you can allow users to log in to your website with their existing accounts on Facebook, Google, Yahoo, Twitter, and over 20 more providers. Social Login eliminates the annoying registration process that all online users have come to dread and not only attracts more traffic to your website but also boosts your user base. Whenever a user logs in... more

Company:
Accelerate Fund
Website:
http://www.acceleratefund.ca
Location:
Calgary, Alberta, Canada

The Accelerate Fund is an early stage, Angel co-investment fund available to Alberta technology companies. Investments are consistent with common venture capital investing practices, utilizing an array of equity and debt instruments. AVAC Ltd., who manages the Fund, performs due diligence, makes investment decisions, and provides ongoing support to portfolio companies on behalf of the Fund. In support of the... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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