High Radius Lands $50 Million Investment
Look for AR technology to get a boost from venture capital dollars. Case in Point: The AR Network has learned that HighRadius Corporation recently raised $50 million in growth funding from Susquehanna Growth Equity to help fund the company’s global expansion.
Sashi Narahari, Founder and CEO of HighRadius, said: “This funding will help us accelerate our platform to thousands of companies globally. Susquehanna Growth Equity has a proven track record of backing leading financial technology companies, and is a perfect partner for our next stage of growth.”
Amir Goldman, Founder and Managing Director of Susquehanna Growth Equity, said High Radius was attractive because: “We love backing bootstrapped companies like HighRadius, which has never raised outside funding, has grown at a 70% CAGR, and continues to be cash flow positive.”
In conjunction with the investment, Amir Goldman and Ben Weinberg from Susquehanna Growth Equity will join the HighRadius board of directors.
This could be the beginning of an investment wave in this market; watch this space.