Carto Raises $61 Million in Series C  

by Kay Aloha Villamor in December 30th, 2021

Carto, a New York-based cloud-native spatial analysis platform, closed a $61 million in Series C funding round led by Insight Partners, with participation from the European Investment Fund, as well as existing investors Accel, Salesforce Ventures, Hearst Ventures, Earlybird, and Kibo.

The company intends to use the funds to further accelerate cloud integrations, and continue its growth in verticals such as consumer packaged goods (CPG), retail, logistics, telecoms, and beyond.

Company: CartoDB Inc.

Raised: $61.0M

Round: Series C

Funding Month: December 2021

Lead Investors: Insight Partners

Additional Investors: European Investment Fund, Accel, Salesforce Ventures, Hearst Ventures, Earlybird, and Kibo

Company Website: https://carto.com/

Software Category: cloud-native spatial analysis platform

About the Company: Led by Luis Sanz, CEO, Carto is a cloud-native location intelligence platform, enabling organizations to use spatial data and analysis for more efficient delivery routes, behavioral marketing, strategic store placements, and more. Spatial analytics enables organizations to understand where and why things happen. With support for Google BigQuery, Snowflake, Amazon Redshift, Databricks, and PostgreSQL systems, the platform is used by market leaders such as JLL, Mastercard, and T-Mobile, and CARTO. The company has more than 150 employees spread across the US and Europe.

 

Source: https://www.finsmes.com/2021/12/carto-raises-61m-in-series-c-funding.html

 

 


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