capital · May 20, 2026
Radar Raises $170M Series B Reaching $1B+ Valuation with Nimble Partners Co-Lead
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Radar raised $170 million in its Series B funding round on May 19, 2026. The round was co-led by Gideon Strategic Partners and Nimble Partners with participation from Align Ventures. Radar founded in 2013 by Spencer Hewett reached unicorn status with a valuation over $1 billion. Radar works with American Eagle and Gap's Old Navy across more than 1,400 stores using ceiling-mounted RFID readers with 99% accuracy for real-time inventory visibility. American Eagle CEO Jay Schottenstein who invested in Radar said inventory digitized in real-time enabled focus on seamless customer-first experiences.
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