£2,300,000 raised for top Satellite Navigation App

We have raised £2.3million for our client who was the first free smart navigation and traffic app on iPhone. As a leading provider of connected navigation solutions they are positioned to become the largest 3D-mapping company in the world by the end of 2018.  

With over 26million downloads, they are 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. 

Sectors Location Stage New Capital
IT-Software/SaaS/Apps London, San Fransisco Development Capital £2,300,000

Our client is delighted with their success since they first approached us to raise marketing capital. They have signed several significant contracts, including one with Nokia to supply traffic data and a B2B partnership with Microsoft; increased their international availability from 52 to over 187 countries and grown their monthly searches to 3.8million helping drivers navigate 37million miles of road per year. 

We generated a record amount of interest from investors, advised and managed our client throughout the entire process and completed a Series A+ round of funding. 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 are happy to have raised so much capital towards their goal and anticipate them selling out to a big company.



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020 7637 7755

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