Loc-Aid secures USD 13 mln series C funding

Location based services provider Loc-Aid Technologies has secured USD 13 million in a series C financing round to support the company's growth. The round was led by private equity firm HIG Ventures, venture firm Intersouth Partners and the Florida Growth Fund, managed by Hamilton Lane. This round of funding will expand Loc-Aid's location technology and enhance its ability to connect enterprise developers to mobile customers for a range of location-based services including fraud prevention, proximity marketing, asset management, presence, and check-in services.