UrbanFootprint, a Berkeley, CA-based world’s first Urban Intelligence platform, announced that it raised $25 million in Series B funding.
The round was led by Citi (via its Citi Ventures and SPRINT groups) and Social Capital, an early investor in UrbanFootprint. 2150, A/O PropTech, Assured Guaranty, and Dcode Capital joined as new investors. Previous investors Valo Ventures and Radicle Impact also participated in the round.
UrbanFootprint will deploy this new capital to accelerate the delivery of climate and community intelligence to the energy, government, finance, and real estate sectors.
Company: UrbanFootprint, Inc.
Raised: $25.0M
Round: Series B
Funding Month: May 2022
Lead Investors: Citi and Social Capital
Additional Investors: 2150, A/O PropTech, Assured Guaranty, Dcode Capital, Valo Ventures, and Radicle Impact
Company Website: https://urbanfootprint.com/
Software Category: Urban Intelligence software
About the Company: UrbanFootprint is the world's first urban intelligence platform — a comprehensive urban, climate, and community resilience data system that serves mission-critical insights to the institutions that are rebuilding, financing, and ensuring the world's physical and social infrastructure. UrbanFootprint’s data and web-based geospatial software unifies previously siloed climate, environmental, urban, socio-economic, and customer data and helps governments, utilities, financial institutions, and urban planners answer fundamental resource questions — where to invest, where to deploy resources, and where to optimize for risk, return, resilience, and community. In 2022, UrbanFootprint was named to both the Fast Company’s Most Innovative Companies list and the GovTech 100 list for the second year in a row, and in 2021 was also awarded Inc.’s Best in Business Awards and Fast Company’s Innovation by Design Awards. UrbanFootprint was founded in 2014 by Peter Calthorpe and Joe DiStefano. The company is headquartered in Berkeley, California.
Source: https://www.businesswire.com/news/home/20220518005485/en/UrbanFootprint-Raises-25-million-Series-B-to-Expand-Urban-Intelligence-Platform-that-Enables-Better-Decision-Making-on-Critical-Infrastructure-Investments