How Much Did Raydiant Raise? Funding & Key Investors

Raydiant has successfully raised funding over seven rounds, with the latest being a Series B round. The company is backed by 20 investors, including CABRA VC and Illuminate Ventures.

Raydiant offers a comprehensive in-location experience platform, providing digital signage, employee engagement solutions, and AI-powered location insights for brick-and-mortar businesses. Keep reading to explore the intricacies of Raydiant's fundraising journey and the investors backing this innovative platform.

What Is Raydiant?

Raydiant is a private company based in San Francisco, California, specializing in artificial intelligence, digital signage, information technology, and marketing. The company has between 101 and 250 employees.

Raydiant offers a leading in-location experience platform for the world's largest brands, providing digital signage, employee engagement solutions, and AI-powered location insights for brick-and-mortar businesses. Their solutions are designed to enhance customer and employee experiences across various industries, including restaurants, retail, hospitality, and education.

How Much Funding Has Raydiant Raised?

1. Series B
   • Amount Raised: USD 20,234,358
   • Date: May 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To continue product innovation and expand market reach.
2. Series B
   • Amount Raised: USD 25,000,000
   • Date: February 2022
   • Lead Investors: 8VC, Atomic
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To innovate the AI-powered experience management platform and hire key team members.
3. Debt Financing
   • Amount Raised: USD 5,000,000
   • Date: February 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support operational expenses and strategic initiatives.
4. Series A
   • Amount Raised: USD 13,000,000
   • Date: January 2021
   • Lead Investors: 8VC, Atomic
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support initial growth, product development, and market expansion.
5. Series Unknown
   • Amount Raised: Not publicly disclosed
   • Date: June 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance product offerings and expand market presence.
6. Series A
   • Amount Raised: USD 7,000,000
   • Date: October 2019
   • Lead Investors: 8VC
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate product development and market entry.
7. Seed
   • Amount Raised: Not publicly disclosed
   • Date: March 2017
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To launch initial product offerings and establish market presence.

Total Amount Raised: USD 70,234,358. Current Valuation: Not publicly disclosed.

Key Investors

• 8VC
  • Details: 8VC is a venture capital firm that invests in early-stage and growth-stage companies. They focus on leveraging technology to create transformative solutions.
  • Investment Focus Areas: Technology, healthcare, logistics, financial services.
  • Notable Investments: Palantir, Wish, Guardant Health.
• Atomic Ventures
  • Details: Atomic Ventures is a venture capital firm that builds and invests in companies, often from the ground up. They are known for their hands-on approach in nurturing startups.
  • Investment Focus Areas: Technology startups, innovative business models.
  • Notable Investments: Hims & Hers, Bungalow, Homebound.
• Lerer Hippeau
  • Details: Lerer Hippeau is a New York-based venture capital firm that invests in early-stage companies. They have a strong focus on media, e-commerce, and consumer products.
  • Investment Focus Areas: Early-stage technology companies, media, e-commerce, consumer products.
  • Notable Investments: BuzzFeed, Casper, Warby Parker.
• Gaingels
  • Details: Gaingels is a network of investors that focuses on supporting and funding diverse and inclusive teams. They are particularly interested in companies with LGBTQ founders and executives.
  • Investment Focus Areas: Companies with diverse leadership teams, technology, healthcare.
  • Notable Investments: Carta, MasterClass, Impossible Foods.
• Mark Wahlberg
  • Details: Mark Wahlberg is an actor and entrepreneur who invests in various business ventures. His investments span across multiple sectors, including entertainment and consumer goods.
  • Investment Focus Areas: Consumer products, entertainment, technology.
  • Notable Investments: F45 Training, Performance Inspired, Wahlburgers.

What's Next for Raydiant?

Raydiant stands at the cusp of significant growth opportunities, driven by their recent $30 million Series B funding. With plans to innovate their AI-powered experience management platform and make strategic acquisitions, the company is poised to enhance in-store experiences for nearly 4,500 brands. The expansion of their global headcount by 300% in 2022 underscores the scale of their ambitions.

Future fundraising rounds seem likely as Raydiant continues to grow and innovate. The involvement of high-profile investors and the company's strategic focus on acquisitions suggest a robust financial trajectory. However, challenges such as integrating new acquisitions and staying ahead of competitors in the rapidly evolving in-location experience management space could pose hurdles.

Use Clay to Get Funding Data

Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Raydiant and gather other critical business insights. Sign up for free to start transforming your sales strategy today.