Loc-Aid Locates $13M

San Francisco-based Loc-Aid, which helps enable location-based services and transactions on mobile devices using gateway software that mediates between wireless carrier infrastructures and application developers, has collected $13 million in new funding, according to a regulatory filing. The filing doesn’t name the investors in the round, but lists partners from Intersouth Partners in North Carolina, H.I.G. Ventures in Florida, and Bain Capital Ventures in Boston as directors. [Update, 9:45 a.m. PT, 2/4/11: In an announcement set to be released on February 7, Loc-Aid says the investors in the round were H.I.G. Ventures, Intersouth Partners, and the Florida Growth Fund, managed by Hamilton Lane. The company says the new funding will “expand LOC-AID’s industry-changing location technology and bolster its ability to connect enterprise developers to wireless customers for a wide range of location-based services including fraud prevention, proximity marketing, asset management, presence, and check-in services and more.”]

Author: Wade Roush

Between 2007 and 2014, I was a staff editor for Xconomy in Boston and San Francisco. Since 2008 I've been writing a weekly opinion/review column called VOX: The Voice of Xperience. (From 2008 to 2013 the column was known as World Wide Wade.) I've been writing about science and technology professionally since 1994. Before joining Xconomy in 2007, I was a staff member at MIT’s Technology Review from 2001 to 2006, serving as senior editor, San Francisco bureau chief, and executive editor of TechnologyReview.com. Before that, I was the Boston bureau reporter for Science, managing editor of supercomputing publications at NASA Ames Research Center, and Web editor at e-book pioneer NuvoMedia. I have a B.A. in the history of science from Harvard College and a PhD in the history and social study of science and technology from MIT. I've published articles in Science, Technology Review, IEEE Spectrum, Encyclopaedia Brittanica, Technology and Culture, Alaska Airlines Magazine, and World Business, and I've been a guest of NPR, CNN, CNBC, NECN, WGBH and the PBS NewsHour. I'm a frequent conference participant and enjoy opportunities to moderate panel discussions and on-stage chats. My personal site: waderoush.com My social media coordinates: Twitter: @wroush Facebook: facebook.com/wade.roush LinkedIn: linkedin.com/in/waderoush Google+ : google.com/+WadeRoush YouTube: youtube.com/wroush1967 Flickr: flickr.com/photos/wroush/ Pinterest: pinterest.com/waderoush/