CloudMade Secures $12,300,000 Series B Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bd04544f-c846-498e-8c7b-86b362ef585d&Preview=1 -
Date
7/28/2010 -
Company Name
CloudMade -
Mailing Address
1370 Willow Rd. Menlo Park, CA 94025 -
Company Description
CloudMade provides you with access to a range of innovative tools and APIs that allow you to make the most of map data. We source our map data from OpenStreetMap, the community mapping project which is making a free map of the world. Our first set of APIs were released to selected developers in May 2008 and allow the integration of high quality maps into mobile and web-based applications. -
Website
http://www.CloudMade.com -
Transaction Type
Venture Equity -
Transaction Amount
$12,300,000 -
Transaction Round
Series B -
Proceeds Purposes
The company will use the funding to attempt to build the world’s most comprehensive map and geo database, and serve this data to developers, device manufacturers and mobileoperators. The investment will also be used to build out and add to CloudMade’s suite of consumer-focused mapping products, Mapzen. -
M&A Terms
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Venture Investor
Greylock Partners -
Venture Investor
Undisclosed
