NEWS6 February 2014

Localytics raises $16m, targets expansion

Financials North America

US — Analytics and marketing platform provider Localytics has announced it has raised $16m in its series C funding round.

The latest round, led by new investor Foundation Capital and supported by existing investor Polaris Partners, brings the total capital raised to $25m.

According to Localytics CEO Raj Aggarwal (pictured), the money will be used to fund investments in product development, sales and customer service and to fuel international expansion. It currently has offices in Boston, San Francisco and London.