Series A+ funding completed: £2.3 million for SatNav App
We have raised £2.3million to date for our client who is the first free navigation app on iPhone, a significant player in the satellite-navigation market and are positioning to become the largest 3D-mapping company in the world by the end of 2018. Perfectly timed to capitalise on the new economic wave of ‘driverless cars’ and ‘smart cities’, not to mention the ever-increasing demand for quality up-to-date mapping.
Our client has completed a Series A+ round of funding and we are happy to have raised so much capital towards their goal. A lead investor has offered to initiate a Series B round of funding and several VC’s on the West Coast and two trading partners have indicated they will follow suit. We anticipate them selling out to a big company.