[Techtaffy Newsdesk]

Radius, a provider of sales and marketing intelligence for the small business market, has completed a $12.4 million Series B funding, with participation from American Express and certain existing investors, including Blue Run Ventures.

Darian Shirazi (Founder and CEO,  Radius): Small business is the fastest growing segment of the U.S. economy and accounts for a staggering 99.7 percent of all employers in the U.S.

Radius will leverage the funding to expand its index of information about small- and medium-sized businesses, among other things.

[Image courtesy: Radius]