Mappedin, a Waterloo, Ontario–based digital mapping technology provider for indoor spaces, has raised $24.5 million in growth equity financing.
Investors
The round was led by Edison Partners, with participation from Betatron Venture Group.
Edison Partners is a leading growth equity firm that provides both financial and strategic support to help CEOs and executive teams scale their companies. Managing $2.2 billion in assets, the firm targets high-growth vertical SaaS, fintech, healthcare IT, and marketplace companies located outside Silicon Valley, typically with $15 million to $50 million in revenue. Its investment strategies also include buyouts, recapitalizations, spinouts, and secondary stock purchases.
Mappedin Use of Funds
The company will use the funding to expand its spatial technology platform to support city-scale deployments and improve accessibility for first responders, safety organizations, and large venues.
About Mappedin
Led by CEO Hongwei Liu, Mappedin is a digital mapping technology company focused on creating scalable solutions for indoor environments. Using AI and LiDAR technology, its platform enables organizations to generate and maintain 3D maps of complex indoor spaces, supporting applications such as real-time navigation, operational intelligence, and emergency response. Founded in 2011, Mappedin has mapped more than 10 billion square feet of indoor space across 86 countries, supporting destinations such as Simon Property Group malls, Los Angeles International Airport, Major League Baseball stadiums, and Hudson Yards.
Funding Details
Company: Mappedin, Inc.
Raised: $24.5M
Round: Growth Equity
Funding Date: April 2026
Lead Investor: Edison Partners
Additional Investors: Betatron Venture Group
Company Website: https://www.mappedin.com/
Software Category: Spatial Mapping / Indoor Mapping / AI SaaS
Source: https://www.businesswire.com/news/home/20260407989088/en/