SocialRadar
About SocialRadar
SocialRadar is a company founded in 2013 by Michael Chasen was acquired by Verizon in November 2016. It operates as a B2C. SocialRadar has raised $13.25 million across 1 funding round from investors including Verizon, MapQuest and NextGen Venture Partners. SocialRadar has completed 2 acquisitions, including Gridskippr and Sonar. SocialRadar operates in a competitive market with competitors including MeetMe, Meetup, Going, Loopt and Pelago, among others.
- Founders Michael Chasen
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$13.25 M (USD)
in 1 rounds
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Latest Funding Round
$13.25 M (USD), Series A
Jun 19, 2013
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Investors
Verizon
& 17 more
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Employee Count
Employee Count
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Investments & Acquisitions
Gridskippr
& 1 more
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Acquired by
Verizon
(Nov 16, 2016)
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Funding Insights of SocialRadar
SocialRadar has successfully raised a total of $13.25M through 1 strategic funding round. The most recent funding activity was a Series A round of $13.25 million completed in June 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $13.2M
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First Round
First Round
(19 Jun 2013)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2013 | Amount | Series A - SocialRadar | Valuation | New Enterprise Associates , Grotech Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SocialRadar
SocialRadar has secured backing from 18 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Verizon, MapQuest and NextGen Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location | |
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Early-stage US tech startups are invested in by Grotech Ventures.
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Founded Year | Domain | Location | |
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Investments are made in US technology startups by the firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SocialRadar
SocialRadar has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Gridskippr and Sonar. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Mobile Consumer Audience Segmentation
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2013 | ||||
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Nearby like-minded users are connected through location-based matching services.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SocialRadar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Socialradar Comparisons
Competitors of SocialRadar
SocialRadar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MeetMe, Meetup, Going, Loopt and Pelago, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
New people are connected via a GPS-enabled social platform.
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| domain | founded_year | HQ Location |
People are connected via app-based groups for shared interests.
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| domain | founded_year | HQ Location |
Flight deals and price alerts are provided by Going.
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| domain | founded_year | HQ Location |
Selective location sharing is enabled via a social networking app.
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| domain | founded_year | HQ Location |
Location-based service
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| domain | founded_year | HQ Location |
Professionals are connected with similar interests on this social platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about SocialRadar
When was SocialRadar founded?
SocialRadar was founded in 2013.
Who is the current CEO of SocialRadar?
Michael Chasen is the current CEO of SocialRadar. They have also founded this company.
Is SocialRadar a funded company?
SocialRadar is a funded company, having raised a total of $13.25M across 1 funding round to date. The company's 1st funding round was a Series A of $13.25M, raised on Jun 19, 2013.
What does SocialRadar do?
SocialRadar, led by Michael Chasen as Founder, CEO, specializes in leveraging cutting-edge technology, managing social media platforms, developing user-friendly mobile apps, and providing location-based services. Delivers a social location-based mobile application for users. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
Who are the top competitors of SocialRadar?
How many acquisitions has SocialRadar made?
SocialRadar has made 2 acquisitions, including Gridskippr, and Sonar.
Who are SocialRadar's investors?
SocialRadar has 18 investors. Key investors include Verizon, MapQuest, NextGen Venture Partners, NEA, and Grotech Ventures.
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