Indoor mapping platform Mappedin nets $3.5 mln in funding
Kitchener, Ontario-based Mappedin, a provider of indoor search software, has raised an extension to its seed-stage financing, bringing its total funding to $3.5 million. Green Century Investments led the round, with participation by Amolino and several local angel investors. Founded in 2011, Mappedin reported revenue growth of more than 500 percent last year and is forecasting a tripling of revenue by the end of 2016. The startup said it used the funds raised to hire sales and marketing personnel, and is now positioned to respond to increasing demand for its technology from malls, REITs, and retailers.
30 June 2016•3 mins read
