Mappedin, a Waterloo, Canada-based platform for creating and maintaining indoor maps, announced that it raised Series A funding.
The round was led by Channel Equity Partners, a San Diego-based growth equity firm specifically focused on emerging category leaders in B2B SaaS.
The investment funds will be used to support Mappedin's growth mission, enabling the business to scale its team, bolster its go-to-market efforts, expand into new industries, and continue investing in its cutting-edge technology and products.
The company is on a mission to enable "One Map Everywhere". Whether it's facilitating back-to-office initiatives, optimizing brick-and-mortar retail operations, helping travelers through complex airports, delivering fan experiences at stadiums, or powering IoT, the built environment requires accurate digital maps.
Its solutions uniquely serve this need by automating and simplifying the traditional mapping process, allowing customers to create, maintain, publish, and utilize their indoor maps at scale.
Mappedin is also delighted to announce that James Killick has joined Mappedin's board of directors.
"With CEP and James Killick at the table, I've never been more excited to go to work every day and build towards One Map Everywhere. The team at Mappedin has done a lot with relatively little historically – now it's time to show what we can really do," said Hongwei Liu, CEO and Founder of Mappedin.
Company: Mappedin, Inc.
Raised: Undisclosed
Round: Series A
Funding Month: February 2023
Lead Investors: Channel Equity Partners
Additional Investors:
Company Website: https://www.mappedin.com/
Software Category: Indoor Mapping Software
About the Company: Founded in 2011 by Hongwei Liu, Mappedin is a technology company that develops a platform for indoor spatial data management, digitizing venues and indoor mapping. Built for scale, Its flexible platform and enterprise-grade tools enable them to work with leading operators, developers, and integrators around the world. Mappedin's indoor mapping software provides user-friendly, enterprise-grade tools for maintaining indoor maps and powering rich wayfinding experiences. The company has set out to digitize all indoor spaces, regardless of vertical, enabling their customers to leverage maps for a variety of use cases and experiences. Mappedin is headquartered in Waterloo, Canada.
Source: https://www.newswire.ca/news-releases/mappedin-raises-series-a-to-accelerate-growth-as-demand-for-indoor-mapping-increases-837394710.html