Investments, News

LoginRadius, a Canada based startup secures USD 1.3 million in an angel investment

loginradiusLoginRadius, a unified social API platform, has raised USD 1.3 million in an angel round of funding. The investors included Accelerate Fund, Yaletown Venture Partners, Real Ventures, BDC Capital and several other angel investors. The team plas to utilize the raised funds to gather additional resources for rapid growth and product innovation.

Based in Canada and founded in 2011 by the entrepreneur duo of Indian origin, Deepak Gupta and Rajesh Soni, LoginRadius is a Software as a Service (SaaS) offering social login and sharing to web and mobile applications.

With an aim to help business increase user engagement on their web/mobile platform, it 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.

“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

This platform, as boasted by the company, simplifies the social login implementation for experienced and less experienced developers alike saving over 95% of implementation and maintenance cost for the businesses.

A recent graduate of FounderFuel, the Montreal-based startup accelerator, the company is currently powering social login and sharing on 100,000 websites in 180 countries with monthly reach of 15 million users. Also, they will now be opening offices in Sunnyvale, California and are currently partnered with Amazon, Mozilla, Google and Microsoft.

“We saw a clear funnel of interested prospects quickly converting to customers once they fully understood the simplicity of the system and the ancillary benefits of adopting the LoginRadius solution” said Martin Vetter, Senior Investment Manager, AVAC Ltd.

The Accelerate Fund is an angel co-investment fund, managed by AVAC Ltd. that invests in promising Alberta technology companies. This is The Accelerate Fund’s sixth investment since inception.

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