ARC Angel Fund invests in Radius8, a $1M round led by Brooklyn Bridge Ventures
Summary
ARC has invested in Princeton, NJ-based Radius8, a startup SaaS Company with a technology platform that creates a direct connection from any consumers device to the physical retail store thats closest to them. The retail tech startup also announced its first launch partner, Guess, Inc., which will be rolling out Radius8 technology across their stores nationwide this summer. "We are excited to invest in such an amazing entrepreneur," said Mike Kelley, Managing Partner, ARC Angel Fund. The goal is to bring in both experienced angel investors and those new to investing in startups, but have a tremendous amount of business and operating experience. Global Bay was acquired by Verifone, Inc., in 2011 and subsequently became part of enterprise retail software leader Manhattan Associates in 2014, and serves as the basis for their in-store omni-channel offering.