Mapbox Raises $52M Series B

PR Newswire
June 18, 2015

SAN FRANCISCO, June 17, 2015 /​PRNewswire/​

Map­box today announced a $52.55 mil­lion Series B round of fund­ing led by DFJ Growth, with par­tic­i­pa­tion from DBL Part­ners, Foundry Group, Thrive Cap­i­tal, Pro­mus Ven­tures, Pritzker Group and Jon Winkel­ried. Map­box is a full-​​stack map­ping plat­form for devel­op­ers and pro­vides the build­ing blocks needed to inte­grate loca­tion into any mobile or online application.

This new financ­ing round gives us mas­sive reach,” said Eric Gun­der­sen, CEO of Map­box. “This invest­ment will enable us to keep build­ing amaz­ing tech­nol­ogy and hire the best peo­ple in the world to do it. What we’re build­ing isn’t just a map; it’s the build­ing blocks for a com­plete map­ping stack. It will change how peo­ple move around cities, how sci­en­tists under­stand the planet, and how geo appli­ca­tions are built.”

With this new cap­i­tal, Map­box will invest in their team and grow the com­pany across all depart­ments, from engi­neer­ing and data to oper­a­tions and sales. This fundrais­ing also wel­comes Randy Glein of DFJ Growth and Ira Ehren­preis from DBL Part­ners to the Map­box board.

We are liv­ing in a mobile-​​first world where real-​​time maps and rich loca­tion data are cen­tral to our dig­i­tal and phys­i­cal lives. Map­box has built a unique, full-​​stack map­ping and data plat­form that offers unprece­dented per­for­mance, flex­i­bil­ity and con­trol for devel­op­ers who want to embed geolo­ca­tion func­tion­al­ity into their appli­ca­tions,” said Randy Glein, Man­ag­ing Direc­tor at DFJ Growth. “Map­box is well posi­tioned as the inde­pen­dent map­ping plat­form that devel­op­ers can rely on for all their map­ping and geolo­ca­tion needs.  We are thrilled to be work­ing with Eric and his incred­i­bly tal­ented team as they blaze new trails and nav­i­gate toward mar­ket lead­er­ship in this increas­ingly dynamic and impor­tant market.”

Map­ping and loca­tion capa­bil­i­ties are key to democ­ra­tiz­ing the abil­ity to access earth’s data,” said Ira Ehren­preis, Man­ag­ing Part­ner at DBL Part­ners. “Map­box enables the pro­lif­er­a­tion of sen­sors and other data to mon­i­tor our planet.  From microsatel­lites, to drones, to IOT-​​devices, any type of data flow can be processed on the Map­box plat­form in real-​​time to cre­ate a rich, per­son­al­ized solu­tion for its devel­op­ers.  Mapbox’s geolo­ca­tion solu­tion is cre­at­ing a health­ier and more acces­si­ble planet.  The com­pany and its cul­ture also play a crit­i­cal role in pro­vid­ing imagery and analy­sis for dis­as­ter relief, cri­sis response, and envi­ron­men­tal mon­i­tor­ing, all of which are reflec­tive of the company’s core focus on mis­sion and impact.”

Over 100 mil­lion unique users used Mapbox-​​built maps last month. The com­pany is devel­oper focused, has 5,000 pay­ing plat­forms like Pin­ter­est, Etsy, Ever­note and Github, and has a vibrant devel­oper com­mu­nity. Last month almost 50,000 active devel­op­ers were build­ing on the Map­box plat­form.  Map­box is com­mit­ted to devel­op­ing more than the best map­ping plat­form: Map­box embraces open source, invests in open data com­mu­ni­ties, and pushes to make a pos­i­tive impact every step of the way.

More on the round at Mapbox’s Blog.

About Map­box
Map­box is a map­ping plat­form for devel­op­ers. Our build­ing blocks make it easy to inte­grate loca­tion into any mobile or online appli­ca­tion. Map­box is the foun­da­tion for other plat­forms, let­ting enter­prises ana­lyze their data, drone com­pa­nies pub­lish fly­overs, real estate sites visu­al­ize prop­er­ties, satel­lite com­pa­nies process cloud-​​free imagery, and insur­ance com­pa­nies track assets. Map­box is an open source com­pany, build­ing our prod­uct with open source parts and releas­ing as much code as pos­si­ble. Founded in 2010, Map­box has offices in San Fran­cisco and Wash­ing­ton, D.C., and is backed by lead­ing investors. Learn more at Map​box​.com.

Mapbox series B